Exit GVK Power on rallies, says Vijay Chopra

Vijay Chopra of enochventures.com told CNBC-TV18, "The opportunity is all over the place and I think if the market corrects a bit from here, some kind of profit booking happens it would be a great opportunity for cherry picking. I have been talking about it since almost 2 months now but GVK Power and Infra particularly the kind of infra push we have seen in the Budget we can see some kind of a bounce, I would recommend that one should exit on rallies.""There are better opportunities available today; the problem with such companies is the debt they have on the books. The debt is really worrisome. All the infrastructure companies have been trying to hive off their assets in some manner trying to bring down their cost of debt, cost of capital there are supposed to pay to the banks.""We have seen JP Associates a classic case where the company was entirely damaged by the kind of debt they have taken. Similar with GVK, GMR Infra and IVRCL and the list is kind of endless. So I would say that it is better to be in companies which are not that kind of debt ridden, so an L&T or a BHEL is much better if you want to be in that capital good space or infra space rather than being in GVK Infra. So, better to get out on rallies and get into some solid fundamentally strong stocks," he said.