Prefer GMR Infrastructure; may go upto Rs 25: Agarwal

One can prefer GMR Infrastructure for the upside target of Rs 25, as the chart of the stock is looking good and it has made an excellent bottom around Rs 17, says Shubham Agarwal of Motilal Oswal Securities.

Agarwal told CNBC-TV18, "If we look at sectors, realty and infrastructure are the two sectors which can outperform the broader market. Choosing some of the midcap stocks from both the space I would prefer GMR Infrastructure which has made an excellent bottom around Rs 17, there was a spike at the long-term support and the chart looks really well for an upside target of around Rs 25." He further added, "In the realty space stocks like Indiabulls Real Estate, Housing Development Infrastructure Ltd (HDIL), both of the stocks have been outperforming its peers companies and are definitely placed very well for an upside of 20-25% from current levels. So stocks on the midcap side from infrastructure and realty pack would be our top picks and we continue to feel that both the sectors can outperform the broader market."