Monday, February 18, 2008

GMR Infra looking good to buy

"If one look at the whole crackdown that has happened in GMR Infrastructure, one thing which has clearly got established over the last 6 months of data is that Rs 135 seems to be a good support. It’s heartening to see the same scenario happening since the last one month as well. If one is above Rs 135, which I think there is no problem staying invested in that stock. We have been positive and up beat on the stock from a long term outlook."

"If you are looking at a stock for over one year, you would be expecting to even see new life highs in the counter. So definitely even a buy at these levels is justified. From a short-term point of view, you will still take a whole lot more in terms of time to consolidate and getting past Rs 180 is not going to be all that simple for that stocks. So it’s got to be all the patience and for at least a month you will be stuck in the volatility and once the market favors it, this would catch on pretty well."

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