ARSS Infra has target of Rs 355: Jagannadham Thunuguntla

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ARSS Infra has target of Rs 355: Jagannadham Thunuguntla

ARSS Infrastructure has day target of Rs 355, says Jagannadham Thunuguntla of SMC Global.

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ARSS Infrastructure has day target of Rs 355, says Jagannadham Thunuguntla of SMC Global.

Thunuguntla told CNBC-TV18, "ARSS Infrastructure has a day target price of Rs 355. The company has posted about 24% topline growth and 14% growth on the bottomline in the recent quarter."

He further added, "The company has also sold about 50% stake in its Orissa plan to Welspun Infrastructure. This should give extra liquidity to the company for its project execution. The stock is selected in that context with a day target price of Rs 355."