GMR Infra Gains After Brokerage Initiates Coverage

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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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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