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Buy GMR Infrastructure, target Rs 18.50: Manas Jaiswal

Buy GMR Infrastructure at a price target of Rs 18.50 and a stop loss at Rs 16.50 from entry point.

Last Updated: Oct 24, 2017, 08.39 AM IST
Manas Jaiswal of manasjaiswal.com has a buy call on GMR Infrastructure with a target price of Rs 18.50.

The current market price of GMR Infrastructure is Rs 17.25.

Time period given by the analyst is intraday when GMR Infrastructure price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 16.50.

GMR Infrastructure, incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 10412.01 Crore) operating in Infrastructure sector.

The company’s top management includes Mr.B V N Rao, Mr.C R Muralidharan, Mr.G B S Raju, Mr.G M Rao, Mr.Grandhi Kiran Kumar, Mr.N C Sarabeswaran, Mr.R S S L N Bhaskarudu, Mr.S Rajagopal, Mr.S Sandilya, Mr.Srinivas Bommidala, Mrs.Vissa Siva Kameswari.

Company has S R Batliboi & Associates LLP as its auditors.

As on 30-09-2017, the company has a total of 6,035,945,275 shares outstanding.

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