GMR Infrastructure is not a 'buy' anymore: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks about GVK and GMR.

ET Now: What is the call on GVK and GMR?

Ashwani Gujral: These are the problems that are plaguing the infra sector. So GMR it is already beaten up quite a bit and incremental bad news may not take it to really scary levels. 36 is a good support here. It remains between 36 and 44 type of range, certainly not a buy anymore which should caution people who are bullish on infrastructure. GVK 24 is a key support, I believe 24 will broadly hold on. So we will remain between 24 and 30 for the foreseeable future.