The company is as top pick in industrial stocks with potential upside of 78 percent.
Moneycontrol News
@moneycontrolcom
Shares of GMR Infrastructure added 3 percent in the early trade on Monday as broking house IDBI Capital has initiated buy rating with target of Rs 32.;
According to brokerage house, the company stands as a testament to world-class conglomerate and with stake sale in energy, days are brighter ahead.
Divestment of roads segment is a matter of time, while monetisation of land bank is a sweetener, it added.
It believes that TDSAT ruling is going to re-rate airport assets. The company is as top pick in industrial stocks with potential upside of 78 percent.
At 09:25 hrs GMR Infrastructure was quoting at Rs 18.15, up Rs 0.25, or 1.40 percent on the BSE.
The share touched its 52-week high Rs 25 and 52-week low Rs 14.20 on 18 January, 2018 and 30 May, 2017, respectively.
Currently, it is trading 27.8 percent below its 52-week high and 27.11 percent above its 52-week low.
Posted by Rakesh Patil