Buy GMR Infra on dips: Gaurang Shah, Geojit BNP Paribas Financial Services
It’s only a matter of time before the company comes out of the difficult time and it will do it sooner than later.
By 
|
| Gaurang Shah, Asst. VP, Geojit BNP Paribas Financial Services, in a chat with ET Now talks about GMR Infra.
Would you recommend a buy on GMR Infra at the current levels?
We would definitely do that. Terminal 3 has gone operational for Delhi International Airport Ltd and GMR plans to make DIAL debt free by another short span of time. It also has about 60 acres of land which they are applying to lease out.
A small power generation vertical to wherein the power generation capacity is about 350 megawatts, they are planning to make it to somewhere close to roundabout 1400 megawatts. This stock was once upon a time a darling of the market when it got listed and it stayed that way for some time till the time capital requirement started being an issue for GMR Infra.
It is extremely liquid but there is really not much happening on GMR Infra. I think it’s only a matter of time the company comes out of the difficult time and we expect it to do it much sooner than later. So we have advised accumulation from CMP and I think it will be prudent to rather buy it on dips and accumulate the stock.
Would you recommend a buy on GMR Infra at the current levels?
We would definitely do that. Terminal 3 has gone operational for Delhi International Airport Ltd and GMR plans to make DIAL debt free by another short span of time. It also has about 60 acres of land which they are applying to lease out.
A small power generation vertical to wherein the power generation capacity is about 350 megawatts, they are planning to make it to somewhere close to roundabout 1400 megawatts. This stock was once upon a time a darling of the market when it got listed and it stayed that way for some time till the time capital requirement started being an issue for GMR Infra.
It is extremely liquid but there is really not much happening on GMR Infra. I think it’s only a matter of time the company comes out of the difficult time and we expect it to do it much sooner than later. So we have advised accumulation from CMP and I think it will be prudent to rather buy it on dips and accumulate the stock.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
