Go long in IRB Infra, says Salil Sharma

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Go long in IRB Infra, says Salil Sharma

Go long in IRB Infra, says Salil Sharma, Technical Analyst, Kapur Sharma & Co.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Salil Sharma See what other Experts & Brokerages are saying about IRB Infra See messages about IRB Infra

Go long in IRB Infra , says Salil Sharma, Technical Analyst, Kapur Sharma & Co.

Sharma told CNBC-TV18, "If GVK Power comes closer to Rs 14; I will definitely advocate a buy. It needs to clear Rs 17.30 on the upside which happens to be 200 DMA. If that happens I think this will give a very good move from there on. Maybe I think in the next two to three months even levels of Rs 28-29 are possible, so that as a percentage a very good plus side which is due."

He further added, "Besides this even GMR is looking good at the current levels, maybe another 4-5% lower than the current levels."

"The one which is looking good even at this point in time is IRB Infra. There one could go long even at the current levels and hope for a 7-8% returns."