Sep 06, 2013, 05.31 PM | Source: CNBC-TV18
Mayuresh Joshi, VP Institution of Angel Broking recommends selling GMR Infrastructure on rallies and advises looking at Sun Pharmaceutical Industries and KPIT Cummins.
Mayuresh Joshi (more)
Fund Manager - PMS, Angel Broking | Capital Expertise: Equity - Fundamental
"Forex losses, because of the depreciating rupee, is also creating a havoc on the balance sheet. It would be advisable to possibly move out of the stock on rallies. I think the targets of Rs 56 looks a bit difficult over the next one to two year considering the kind of position it is into. On rallies one can sell into GMR infra and possible look at some stocks like Sun Pharmaceutical Industries from the pharma space or something like a KPIT Cummins from the midcap IT space," he said.
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