Gold Silver Reports (GSR) – GMR Infra Gains After Brokerage Initiates Coverage — Shares of the Bangalore-based infrastructure company rose as much as 2.8 percent to Rs 18.10 after IDBI Capital initiated coverage on the stock with a ‘buy’ for target price of Rs 32, implying a potential upside of 78 percent from its Friday’s closing price.
The brokerage in a note said:
✅ GMR Infra stands as a testament to world-class conglomerate.
✅ With stake sale in energy, days are brighter ahead.
✅ Divestment of roads is a matter of time.
✅ Monetisation of land bank is a sweetener.
✅ TDSAT ruling to re-rate airport assets.
✅ Re-rating is around the corner
✅ GMR Infra top pick in industrial stocks.
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