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Jul 13, 2012, 07.10 PM IST
Prefer GMR Infra over IVRCL, says Rahul Mohindar, Director, viratechindia.com.
Prefer GMR Infra over IVRCL , says Rahul Mohindar, Director, viratechindia.com.
Mohindar told CNBC-TV18, “Infra stocks are bound to get some support. More towards Rs 24 GMR Infra will probably get some support. So if you are looking at a bit of an aggressive trading move I would utilize the kind of dip that you have seen over the last week to actually get into these stocks in a limited way. So probably one could buy around Rs 24 keeping a stop at about Rs 22.50.”
He further added, “One could see a good 10-15% upside. The beta is obviously going to be pretty solid. Even for that matter IVRCL. I am reading this more as trading correction. We are not seeing any phenomenal volume as such, but given a choice I think I would probably go with a GMR Infra compared to an IVRCL.”
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