GMR Infra: Shares of GMR Infrastructure Ltd. rose nearly 3.7% in intraday trade to Rs 39.4 apiece after the company’s shareholders and secured creditors approved the amalgamation and arrangement among GMR Power Infra, GMR Infra and GMR Power and Urban Infra and their respective shareholders during the NCLT convened meetings.
GMR Infra
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.