GVK Power, GMR Infra fairly priced: R Shah

Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by GMR Infra,Rajen Shah See what other Experts & Brokerages are saying about GMR Infra See messages about GMR Infra GMR Infra BSE | NSE 10/02/12 Are Mutual Funds betting on GMR Infra?

Rajen Shah of Angel Broking is of the view that GVK Power , GMR Infra are fairly priced.

Shah told CNBC-TV18, "Certainly the opportunity for both GVK and GMR is enormous actually. If you see the fundamentals of the companies, I think at the current juncture they are more or less fairly priced. So I do not see much of an appreciation form here but since they are into good momentum they may move ahead from here. But fundamentally at this point of time I would need to invest into either of the company's maybe if the tank about 25-30%, if that happens if they would present good opportunity."

He further added, "My strategy would be basically looking at some agriculture related ideas. Companies like Rallies India, it is into agro chemical and this industry should benefit significantly because of the thrust. We are expecting on the agriculture space and it is quoting at just about 8 times the current year earnings compared to Sensex which is quoting at about 15 times. So companies like Rallis India , Nagarjuna Agrichem , a lot of ideas are they in the agricultural space. Maybe some tractor companies, companies which are involved in setting up irrigation systems and which are into PVC pipes like Finolex Industries those are the ones which we would look at it."