GVK Power, GMR Infra look attractive: Mehta

GVK Power and GMR Infra are looking attractive, says Devang Mehta, Vice President & Head - Equity Sales, Anand Rathi Financial Services.

Mehta told CNBC-TV18, "GVK, GMR look quite attractive at these valuations. Probably the price is discounting a lot of bad news. But going on from here as a investment cycle and the capex cycle pick up only these stocks would be huge beneficiaries, as the cash flows take some time to come into the balance sheet. So probably I guess this is one of the best time to start investing in GVK, IVRCL or GMR or IRB Infra as well."
GVK Power trailing 12-month (TTM) EPS was at Rs 0.48 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 52.92. The latest book value of the company is Rs 15.61 per share. At current value, the price-to-book value of the company was 1.63.