Nov 30, 2016 03:26 PM IST | Source: CNBC-TV18

Remain invested in GVK Power: Shahina Mukadam

Shahina Mukadam, Independent Market Expert is of the view that one may remain invested in GVK Power.

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "At current levels there is no point in selling out GVK Power; one should hold because there has been some sort of a arrangement for the land deal with DIAL. So, that should be an upside. Also, there is likely of monetisation of some of its airport properties; and in terms of the gas plants which is a major drag on their profitability, that also we could see silver-lining now with more availability of gas to power plants and increased plant load factor (PLF). So, to that extent I would continue holding GVK Power.

"I would give a target of Rs 7 and keep a stop loss of Rs 5," he added.
Follow us on
Available On