Sukhani sees further decline in Arvind, GMR Infra

Sudarshan Sukhani of s2analystics.com feels that Arvind, GMR Infrastructure may go down to Rs 65 and Rs 16 respectively.

Sukhani told CNBC-TV18, “Arvind is a relatively better stock but that doesn’t mean we buy it, it is still a short sell. It is not likely to collapse the way Ashok Leyland, Orchid or others are suggesting. So a downside target is Rs 65, which is also where lot of support will come in. There is a short sell here but one must be careful. He further added, “GMR Infra is down from Rs 33 to Rs 18 and an immediate target is Rs 16. I am quite confident it will come to single digits.”