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, enochventure.com | Capital Expertise: Equity - Technical
Vijay Chopra of enochventures.com told CNBC-TV18, "It is very difficult for GVK Power & Infra now to go to Rs 13 odd levels, double from here. One because the kind of debt which is there on the books most of the revenues which will come will be eroded in paying back the debt. So, of course it has got an order for the Mumbai International Airport, but I think this can stretch the stock to maybe Rs 9-9.5 that is it, won’t go further to my mind until something miraculous happens."
"I would suggest that probably one can shift to some other story, buy a stock where one can get back his/her money. I would recommend one can go into Mawana Sugars or Vadilal or maybe in ITDC or several other stories which one can get into or he/she has to wait for a long time. My take is either cash out right now and get into some other stories or wait for some time and I think Rs 9-9.50 is quite possible," he added.