Friends, I think we can now look at GVK Power & Infrastructure. It is a penny stock with cost of only Rs. 2.60.
The stock will now become a multibagger because the Finance Minister announced yesterday that huge investment will be made in the Power and Airport sector.
GVK Power is recommended by Porinju Veliyath, a famous fund manager of Equity Intelligence.
He holds in the portfolio. He said t has huge turnaround potential. It has got a lot of assets. This year will be a turnaround year for the company and once it turns around this can be a multi bagger stock.
He advised investors to take that little risk and buy the stock.
The airport asset, the Mumbai airport is a huge asset on which they can leverage and go forward. So GVK is one of my pick, Porinju Veliyath said.
GVK Power - Multibagger Penny Stock Recommended By Porinju Veliyath
Re: GVK Power - Multibagger Penny Stock Recommended By Porinju Veliyath
GVK Power is a good bet in the light of the numerous reforms announced for the power and airport sector. The only problem is the huge debt that the Company. However, that problem is already priced into the share price of the Company.