Buy GVK Power; target 50: Ashish Maheshwari

Ashish Maheshwari, Director, Globe Capital Market Ltd. in an interview with ET Now talks about GVK Power.

GVK Power on the charts?

Yes, I am bullish on prospects of GVK Power. First of all because power industry per se looks good and second thing this will be related kind of activity because GVK Power is setting up their thermal coal based power projects and now they want to operate mines also so it is a sort of backward integration for them and it will complete the chain also. Beside this, this particular activity of mining excavation etc. they are highly profitable activity which will keep on adding value to this company so in my view this is a buy with the price target of 50 in short term.