Sep 16, 2013, 05.56 PM | Source: CNBC-TV18
Nooresh Mirani, AVP Technical at AMSEC Research advises selling GMR Infrastructure. "Any rise to levels of Rs 19-20 should be a good opportunity to get out into the stock," he adds.
Nooresh Merani (more)
Technical Analyst, Asian Market Sec | Capital Expertise: Equity - Technical
"It has rallied a lot from lower levels, so forgetting the buy price one should look at the current scenario which indicates this is a good time to get out," he added.
On September 16, 2013 GMR Infrastructure closed at Rs 18.94, up Rs 0.14, or 0.74 percent.
The share touched its 52-week high Rs 27.00 and 52-week low Rs 10.65 on 04 October, 2012 and 06 August, 2013, respectively.
The company's trailing 12-month (TTM) EPS was at Rs 0.08 per share. (Jun, 2013). The stock's price-to-earnings (P/E) ratio was 236.75. The latest book value of the company is Rs 18.46 per share. At current value, the price-to-book value of the company was 1.03. The dividend yield of the company was 0.53 percent.
GMR Infrastructure announces the completion of the
GEL and TNB had announced this strategic partnersh
GMR Energy, a subsidiary of GMR Infrastructure, an
Diversified GMR Infrastructure today said it along