Buy GMR Infrastructure, target price Rs 22: Kunal Bothra

Kunal Bothra of Independent Analyst has buy call on GMR Infrastructure Ltd. with a target price of Rs 22.0 . The current market price of GMR Infrastructure Ltd. is Rs 19.7 Kunal Bothra recommended to keep stoploss at Rs 18
GMR Infrastructure Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 11890.81 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 30-06-2019, the company has reported a Consolidated sales of Rs 1786.25 Crore, down -4.96 % from last quarter Sales of Rs 1879.40 Crore and up 10.30 % from last year same quarter Sales of Rs 1619.47 Crore Company has reported net profit after tax of Rs -317.62 Crore in latest quarter. The company’s top management includes Mr.B V N Rao, Mr.C R Muralidharan, Mr.G B S Raju, Mr.G M Rao, Mr.Grandhi Kiran Kumar, Mr.Madhva Bhimacharya Terdal, Mr.N C Sarabeswaran, Mr.R S S L N Bhaskarudu, Mr.S Rajagopal, Mr.S Sandilya, Mr.Srinivas Bommidala, Mrs.Vissa Siva Kameswari. Company has S R Batliboi & Associates LLP as its auditoRs As on 30-09-2019, the company has a total of 6,035,945,275 shares outstanding.