Sukhani told CNBC-TV18, "GVK Power - after starting a rally from Rs 10, I think it stopped and consolidated. That consolidation quite often represents a midway in its uptrend. So the midway consolidation gives a target of Rs 16; a little above it. So in that sense there is still sufficient steam left."
He further added, "We are now talking in terms of percentages not points, Rs 2 is not much but percentage wise it's a lot. A time line is much more difficult, all this will continue while the Nifty goes up; the moment the Nifty says okay I am done with, traders must exit immediately from these stocks."
