Buy G R Infraprojects, target price Rs 1365: JM Financial

G R Infraprojects Ltd. key Products/Revenue Segments include Income From Construction Work, Electricity, Sale of services, Scrap and Other Operating Revenue for the year ending 31-Mar-2022.

By ETMarkets.com | Updated: Nov 20, 2023, 10.15 AM IST

Promoters held 79.74 per cent stake in the company as of 30-Sep-2023, while FIIs owned 0.68 per cent, DIIs 15.88 per cent.

JM Financial has buy call on G R Infraprojects Ltd. with a target price of Rs 1365. The current market price of G R Infraprojects Ltd. is Rs 1085.1.

G R Infraprojects Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 10489.31 Crore) operating in Construction sector.

G R Infraprojects Ltd. key Products/Revenue Segments include Income From Construction Work, Electricity, Sale of services, Scrap and Other Operating Revenue for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 1909.19 Crore, down -23.62 % from last quarter Total Income of Rs 2499.53 Crore and down -11.68 % from last year same quarter Total Income of Rs 2161.65 Crore. Company reported net profit after tax of Rs 217.16 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 79.74 per cent stake in the company as of 30-Sep-2023, while FIIs owned 0.68 per cent, DIIs 15.88 per cent.

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