Buy GVK Power, says Kamlesh Kotak

Buy GVK Power & Infrastructure, says Kamlesh Kotak, Asian Market Securities.

Kotak told CNBC-TV18, "GVK Power & Infrastructure posted decent set of numbers with growth coming from all the three verticals. The management guided for securitization of some of the toll projects and monetization of Mumbai reality soon, which will be the triggers going forward."

He further added, "Valuations are very attractive at 0.7 time price to book, which means all the bad news are priced in. We see the stock is heading towards Rs 20 level and put a buy on the stock."

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