Sell GVK Power, GMR Infra and Lanco Infra: Gaurang Shah

In a chat with ET Now, Gaurang Shah, VP, Geojit BNP Paribas Financial Services shares his views on GVK Power.

ET Now: It is a single digit stock but it has got some key assets to itself GVK Power, Bombay Airport, Bangalore Airport, some fairly decent road assets as well but of course the mountain of debt crippling it. What would you do with the GVK Power – would you buy it at the current levels?

Gaurang Shah: Absolutely not and these assets howsoever good they are, they get invisible when you look at the mountain of debt as you rightly put it on the companies balance sheet. Time and again we hear certain news flows as to company is trying to reduce their debt on the balance sheet by getting away or selling out these assets, of course good assets. So, I do not see any reason why I should go ahead and buy a GVK Power or a GMR Infra or a Lanco Infra as a matter of fact and if you do see rallies these are perfect opportunities to off load these stocks if you have it in your portfolio.