Right time to buy GMR Infra: Somil Mehta, Sharekhan

Somil Mehta, Sr technical Analyst, Sharekhan, in a chat with ET Now talks about GMR Infra.

What’s your sense on GMR Infra at this juncture technically?

There is a triangular pattern forming on this stock and volumes have been great. This is the right time to buy this stock and the medium-term target would be around 70. Volumes had been great, so stop loss should be around 54, which is a very small stop loss from here.