Stay away from GMR Infra; NCC may see upside: Sukhani

Sudarshan Sukhani, s2analytics.com advice traders to stay away from GMR Infra.

Sukhani told CNBC-TV18, “GMR Infra has just come out of it trading range; the problem with GMR is something else. The problem is that I think it is so news driven and it gets affected by the government that I personally prefer to stay away from it.”
He further added, “Nagarjuna Constructions (NCC) has much more upside. It is not just the buying today that has propelled it; it was already beginning to move up after the significant bear market. If this is the meaning of a bull trade for NCC and it seems to be then we will see much bigger gains. This is not a time to buy after 13%-12% gains, traders and investors must be patient and then once the stock cools, that is the time to enter it.”