Buy GMR Infra, GVK Power on dip: Baliga

Buy GMR Infrastructure and GVK Power on dip, says Ambareesh Baliga, Independent Analyst.

Baliga told CNBC-TV18, "Although GMR Infrastructure has moved up; we have seen decent move of about 15-20% in the last few days, but still even at these levels we feel that the steam is there and the other one is GVK Power. I think both these stocks could be bought on dips."
GMR Infra's trailing 12-month (TTM) EPS was at Rs 0.15 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 152. The latest book value of the company is Rs 18.57 per share. At current value, the price-to-book value of the company was 1.23.