Sell GVK Power in current market: Ashwani Gujral

Ashwani Gujral, Fund Manager, Ashwanigujral.com, talks to ET Now on sugar stocks.

GVK Power 10% higher and the entire sugar pack is a buzz today, any trades here?

It is quite possible that GVK Power could easily double and may still have more room to go. Infrastructure and the rate sensitive stocks generally continue to see buying because the market sentiment is so positive. We are seeing a lot of two digit stocks rallying, so most of sugar or infrastructure stocks are leading to this up move and though if you got in around 10-11 bucks, it is a good time to take some profits off given the euphoric mood of the market and may be move into stocks which have broken out recently. Even sugar Renuka has gone up 30%-40% in the last few days. Again there is news flow that deregulation has been considered, so once this sort of news is out it is a good time to take money off and then see what the next move happens. A lot of stocks have completed their first rallies and now at any point of time could get into a consolidation and all of these stocks fall in that category.