Do not sell GVK Power: Prashastha Seth

Do not sell GVK Power at this level, says Prashastha Seth, Senior VP-IIFL Private Wealth, IIFL.

Seth told CNBC-TV18, "In power you have concerns on the merchant power rate, coal linkages and that would mean that these stocks would probably continue to be under rated or under owned in the market for quite some time. The way the markets are at this point of time, everybody is essentially cautious and there is a flight to safety and there is ownership of stocks where there is earnings visibility.