Realty and infrastructure had big run and were topmost sector in 5 years. L&T , Thermax, IVRCL , thermax had good run. Some of us who didn't join the party at that time have this question in mind.. is it too late ?

One mindset you have to comeout  when looking at stocks is never look back what a stock was 3 years ago and compare if it's expensive. A stock or company value is measured on today's business and future potential. With that in mind I think Infrastrcture has long way to go and there are still good players who can go higher .  Waster water management, solid waste management, road and bridges,power, airports all need more work.

Some of the mid cap companies to stay alert of :

1. Thermax : Engineering company with exposure to most of infrastructure evelopment. Specially around heat recovery in industry and water management. With emphasis on energy conservation and green initiative thermax has bright future ahead of it.

2. IVRCL
Waster water management is the part I like about it and we all know that how much work can be done on this part of infrastructure.

3. Ion Exchange
Another water play for clean water.

4. Cummins India