Hold GVK Power, says Prakash Diwan

Prakash Diwan, Director of Altamount Capital Management told CNBC-TV18, "GVK Power's results are due on November 14 and it could have some sort of a volatility till then. But beyond that if numbers are decent enough, I wouldn't be surprised if it also starts looking at Rs 12 kind of a mark in the long-term given the fact that the government is also very keen on sorting issues out related to the power sector. So one may hold on and look at Rs 12 as an exit point,"

The share touched its 52-week high Rs 15.75 and 52-week low Rs 5.52 on 09 January, 2013 and 07 August, 2013, respectively.
Currently, it is trading 46.79 percent below its 52-week high and 51.81 percent above its 52-week low.