GVK Power can touch Rs 20: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that GVK Power & Infrastructure can touch Rs 20.
 
Sukhani told CNBC-TV18, “I think investor should wait. In one year GVK Power is now bottoming out. That process takes its own time but the next leg of this move will be on the upside and it should be a significant upside. We should not be surprised if it touches Rs 20.”
 
At 13:35 hrs GVK Power & Infrastructure was quoting at Rs 13.66, down Rs 0.18, or 1.30%. It has touched an intraday high of Rs 13.99 and an intraday low of Rs 13.66. The share touched its 52-week high Rs 20.40 and 52-week low Rs 11.30 on 17 February, 2012 and 04 September, 2012, respectively. Currently, it is trading 33.04% below its 52-week high and 20.88% above its 52-week low.