Hemant Thukral of Aditya Birla Money told CNBC-TV18, "Infrastructure stocks that we have in the future & options (F&O) segment are only GMR Infrastructure and IRB Infrastructure Developers but particular reason to choose CESC was that it has not participated in the uprun at all. It has been consolidating between Rs 650-670. Friday's open interest is suggesting that now the stock is ready for a rally. The open interest was up by 11 percent and the stock is looking good to cross Rs 710-720 mark. So it is a good trading bet and especially because it has not participated at all in the rally."
"Infrastructure stocks on Friday have not seen major open interest getting added up. GMR Infra delivery volumes were higher than it’s last four days average. So I feel GMR Infra can also go up to Rs 22.80-23 level. However, one has to keep a stoploss on GMR Infra around Rs 21," he said.
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