GMR Infrastructure has target of Rs 45-50, says Devang Mehta, Vice President & Head - Equity Sales, Anand Rathi Financial Services.
Mehta told CNBC-TV18, "In GMR Infrastructure we saw net loss was around Rs 99-100 crore and that had its justifications because of import of some equipment and also because of some problems relating to government payment delays. So the topline grew by almost 45% and the company is doing well in its airport segment, which is one of the prime revenue drivers where the air traffic surge by around 29-30% year on year."
He further added, "I think better times will be here for infrastructure stocks. We currently like a lot of infrastructure as well as real estate stocks, which will tend to do well in the interest rate post rate cut scenario whenever we are going to envisage it. So, one can see a target around Rs 45-50 in may be next 6 months to 1 year time frame."
