GVK Power may move to Rs 12-14: Nooresh Merani

Nooresh Merani, CEO at Analyse India told CNBC-TV18, "If we look at all the infrastructure stocks they have all fallen terribly over that last 5-6 years. As well as in the near term they have been underperformers. Post the move in election period GVK Power & Infrastructure is back to some where closer to Rs 9-10 levels but what we see is over the last 6-12 months the base has been set up at Rs 8-9, so I would be a bit hopeful and expect a bounce towards Rs 12-14 levels. That is where one can get out of the stock and look for any other relative opportunity."

At 15:27 hrs GVK Power & Infrastructure was quoting at Rs 10.10, down Rs 0.16, or 1.56 percent on the BSE.

Disclosure: Analyst has no personal holdings in the above stock.