Avoid GMR Infra, prefer KNR Construction : Nooresh Merani

Nooresh Merani of Asian Market Securities told CNBC-TV18, "If we look at infrastructure stocks over the last many years, they have been in a downtrend and the stocks, which generally fall 90 percent do not recover so easily. So, I would suggest an avoid at GMR Infra, maybe look at other stocks which have done well in the same segment like a KNR Construction or Sadbhav."At 15:25 hrs KNR Constructions was quoting at Rs 494, up Rs 30.20, or 6.51 percent on the BSE.The share touched its 52-week high Rs 651.75 and 52-week low Rs 442 on 19 November, 2015 and 29 February, 2016, respectively.