Buy GMR Infrastructure; target of Rs 40: Equity99

Equity99 is bullish on GMR Infrastructure has recommended buy rating on the stock with a target price of Rs 40 in its research report dated April 13, 2018.

Broker Research

April 16, 2018 / 15:06 IST

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Equity99's research report on GMR Infrastructure

GMR Infrastructure Ltd (GIL) was incorporated on May 10, 1996, in name & style of Varalakshmi Vasavi Power Projects Limited in Hyderabad, Andhra Pradesh, by Mr. G.M.Rao. On July, 2000, the name it was changed to GMR Infrastructure Ltd. GMR is an infrastructure holding company formed to fund the capital requirements of the GMR Group’s Initiatives in the infrastructure sector.

Outlook

Considering the above, we recommend a strong BUY to our investors for Multi-bagger returns with long term target of Rs. 40 in 12-18 months.For all recommendations report, click here

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Broker Research

first published: Apr 16, 2018 03:03 pm

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