According to Ajay Srivastava, CEO of Dimensions Consulting, GMR and GVK Power are not qualified to be in a portfolio for long-term.
Srivastava told CNBC-TV18, “You have to stay out of infrastructure story. Again things like GMR, GVK Power and IVRCL are pure trading calls. I saw that GVK and GMR have gone down by 40 percent so they come back to the trading range. If GVK comes at Rs 8-9 you go & buy it for a trading up to about Rs 14. These are healthy returns, 30 to 40 percent returns. These are high risk stocks but these are going to give you opportunities.”
“They are not investment quality at this time, they are not qualified to be in a portfolio for long-term, but they qualify for the short-term and both the twins will give you a fillip. IVRCL is a shaky candidate but GVK, GMR definitely are good candidates to keep looking at and watching. Also Fortis Healthcare is back to Rs 100. It is an interesting buy around this price,” Srivastava added.
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