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Buy GMR Infrastructure Ltd., target Rs 15.5 : Rakesh Bansal

Buy GMR Infrastructure Ltd. at a price target of Rs 15.5 and a stop loss at Rs 13.85

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Last Updated: Jul 26, 2016, 01.12 PM IST
Rakesh Bansal of R K Global has Buy call on GMR Infrastructure Ltd. with a target price of Rs 15.5. The current market price of GMR Infrastructure Ltd. is 14.43. Time period given by analyst is Intra Day, when GMR Infrastructure Ltd. price can reach defined target. Rakesh Bansal recommended to keep stop loss at Rs 13.85. The stock has hit a high of Rs 14.70 and a low of Rs 14.35 so far in trade. The stock has a 52-week high of Rs 18.55 and a low of Rs 9.61 .The scrip took support from its 20-day moving average at Rs 12.02. It is trading at a P/E of -5.71 and a price-to-book value of 1.29.
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