GVK Power a good long term bet, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, " Shriram Transport has certainly done very well today and it's also been in a consolidation, it's seeing very deep cuts in a bear market. It's too early to say if it is bear market for the company is stock prices over but given the price changes in the last 2-3 days on the positive sight on a small minor correction the stock is a buy, you still have to keep a stop loss somewhere around Rs 450 and it is possible to buy it."
He further added, "GVK Power is a much better choice. Even though it is below sub Rs 20 and there are risks associated with it but the charts suggest that in reality a bottoming out pattern may be coming about and for people who are trading or for investors I would say GVK Power in spite of it's speculative nature is well suited for long positions."
