GMR Infra has target of Rs 67: Dutta

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GMR Infra has target of Rs 67: Dutta

GMR Infra has target of Rs 67, says Devangshu Dutta, Consulting Editor, Outlook Profit.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » RELATED NEWS Buy GMR Infrastructure, target of Rs 78: Karvy GMR Infra can touch Rs 65-66: Gujral Above Rs 60, GMR Infra to rise by 10%: Sharma ALSO READ See previous views by Devangshu Dutta See what other Experts & Brokerages are saying about GMR Infra See messages about GMR Infra GMR Infra BSE | NSE 30/05/12 Are Mutual Funds betting on GMR Infra?

GMR Infra has target of Rs 67, says Devangshu Dutta , Consulting Editor, Outlook Profit.

Dutta told CNBC-TV18, "In GMR Infra I am hoping for a break till about the Rs 65-67 limit. It should be somewhere around Rs 62 today and it seems to have a target around Rs 67 if you are optimistic otherwise Rs 65-66. I would keep a stop loss at about Rs 60 maybe Rs 59.50."

Te share closed at Rs 61.65, up Rs 1.05, or 1.73% with volumes of 1,187,411 shares. Market capitalisation stands at Rs 22,609.24 crore.

The company touched its 52 week high Rs 91.75 and 52 week low Rs 48.40 on 05 Jun, 2009 and 31 Mar, 2009, respectively. Currently, it is trading -32.81% below its 52-week high and 27.38% above its 52-week low.

The company's trailing 12-month (TTM) EPS was at Rs 0.07 per share. The stock's price-to-earnings (P/E) ratio was 880.71. The latest book value of the company is Rs 15.56 per share. At current value, the price-to-book value of the company was 3.96.