Keep a watch on GMR Infrastructure: Mohoni

Technical Analyst, Deepak Mohoni is of the view that one can keep a watch on GMR Infrastructure.

Mohoni told CNBC-TV18, "After the market finishes correcting GMR Infrastructure is not a good idea to buy immediately but it is a good stock to keep a watch. After a huge correction it has made a higher bottom in November and now it will bottom out somewhere or the other with the market, at that point of time it is worth taking up because it has possibly started to make higher bottom. There is no price target because now it is all ifs and buts going on as to how this decline will last in the market, is it going to be a severe decline, if the answer is reasonably positive that it is just a mild decline and lot of stock hold out, then one would get into GMR sooner rather than later."