Manoj Murlidharan positive on GMR Infra

Manoj Murlidharan Vayalar, Associate Vice President-Derivatives, IIFL PReMIA is positive on GMR Infra.

Murlidharan told CNBC-TV18, "The banks have to move higher but there are specifically stocks. We are not rally going long on the Bank Nifty but stock specific like an SBI is a favorite pick wherein we will be using a call option to go long and not the futures."
He further added, "In infrastructure there was some cash based selling but stock specific, I feel GMR is one scrip we are positive since morning. We are even using call option route, a 30 strike call option with current money just as cheap as 50paise. We are expecting GMR Infra to close today somewhere close to Rs 31.20-31.50, so we are expecting some more positive move on GMR in the second half atleast."