Exit GVK Power on rallies: Lancelot D'Cunha

Lancelot D'Cunha, CEO at ITI Wealth management told CNBC-TV18, "GVK Power & Infrastructure would have bottomed out at these levels. One should look for some positive news that may come in on the coal block allocations and that could push the stock up and then look at an exit."

"With a large debt, it will be very difficult for the share price to move up significantly at this point in time. So, whatever sentimentally driven rise you get, take advantage of it and move out," he added.