GVK Power may see 50% appreciation: Sukhani

GVK Power may see 50% appreciation from current levels in next one year, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, “GVK Power is not going to go to the cost prices. But in the next one year a 50 percent appreciation from current levels is possible. Let the investor wait till then and then consider getting out.”
He further added, “Once you have a losing trade you do not average it, it is a matter of principle. If somebody were to buy GVK Power independently then there was a possibility that you could buy it and see if it goes up you could pyramid it but for somebody who owns the shares for a very high price please do not average. If one wants to put money then put it in the banks there at least you have a safety of capital. In one year time one should get a Rs 4-5 gain on the current levels and then you can consider exiting.”