Phani Sekhar, Fund Manager at Angel Broking feels that one may sell GMR Infrastructure on rally.
Phani Sekhar, Fund Manager at Angel Broking told CNBC-TV18, "For the last 3-4 years you are seeing the kind of underperformance GMR Infrastructure has shown. Over the next two years I don’t expect that to come back in a hurry and to that extent it will increasingly become difficult for the likes of GMR to stay and execute the projects leave alone win new projects.”
“The equity shareholders will always face pressure over the next one and half to two years to take out a meaningful value out of this stock. It will be good idea for the investor to sell on any rally and stay out of this space completely,” he added.
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