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Buy GR Infraprojects; target of Rs 1475: ICICI Direct

ICICI Direct is bullish on GR Infraprojects recommended buy rating on the stock with a target price of Rs 1475 in its research report dated November 13, 2022.

November 22, 2022 / 07:57 PM IST
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ICICI Direct's research report on GR Infraprojects

GR Infraprojects (GRIL) is a leading player in the roads and highways sector having overall an order book size of Rs 16,222 crore. The company delivered 26.6% revenue CAGR during FY16-22, wellcomplemented by 33.6% EBITDA CAGR and 39% PAT CAGR • Prudent management, lean balance sheet position, healthy return ratios.


We maintain our BUY rating on the stock as asset monetisation through InvIT will boost scalability, ahead. We value GRIL at a target price of Rs 1,475.