GMR Infra looking good: Devang Visaria
Generally such stocks do not participate when the whole market is moving up but at the latest stage, they suddenly start showing momentum.
Devang Visaria: One stock we like is Kotak Mahindra Bank. We have been bullish on this for quite a few days. Again, it has given a short term breakout above 845 yesterday and we are looking for short term targets of 880-885 on this one and with a very near term stop loss of just below 840.
What do you make out of Maytas Infra and GMR Infra?
Devang Visaria: GMR is beginning to show some sign of momentum and it is in line with stock like JP Associates in GMR. Generally, they do not participate when the whole market is moving up but at the latest stage, they suddenly starts showing momentum like on JP Associates, we like GMR, that is looking good. So possibly you could have 5% to 8% trading upside on both the stocks.
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