Buy GMR Infra, price target Rs 28: Kunal Bothra

Independent Analyst Kunal Bothra has a buy call on GMR Infrastructure Ltd. with a target price of Rs 28. The current price of GMR Infrastructure Ltd. is Rs 23.25. Kunal Bothra recommended to keep a stop loss at Rs 20.5.

GMR Infrastructure Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 13641.24 Crore) operating in Infrastructure sector.

GMR Infrastructure Ltd. key Products/Revenue Segments include Contract Revenue which contributed Rs 736.13 Crore to Sales Value (66.55 % of Total Sales), Interest which contributed Rs 363.54 Crore to Sales Value (32.86 % of Total Sales) and Income From Sale Of Share & Securities which contributed Rs 6.34 Crore to Sales Value (0.57 % of Total Sales) for the year ending 31-Mar-2018.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1790.33 Crore, up .23 % from last quarter sales of Rs 1786.25 Crore and down 1.11 % from last year same quarter sales of Rs 1810.48 Crore. Company has reported net profit after tax of Rs -296.50 Crore in latest quarter.