Keep GMR Infra in portfolio: Amit Gupta

Keep GMR Infrastructure in the portfolio, says Amit Gupta of ICICI Securities.

Gupta told CNBC-TV18, "We have seen some bit buying coming up in the infra space, either you pick up GMR or IVRCL, these kind of stocks, which have remained subdued for quite a long time now some buying is coming up definitely, and I think if market is not going down, or rather it is trading in a range then it is possible that this buying will keep on coming up again and again, so you need to fix your supports for the stocks if you want to trade and then you will get good momentums also on the upside." He further added, "In GMR you can look at Rs 47 levels, we have seen good buying coming up in futures also. If you look at the future volumes, more than 10% of volume spurt we have seen in the stock. So this is where I feel, it should be there in your portfolio now at least for the short-term and it can give you upsides from Rs 50 or Rs 51 levels, because it was consolidated for a long time and now I think this spurt in the volumes indicates that something good is happening in the stock."