INSUBCONTINENT EXCLUSIVE:
ETMarkets.com|Updated: Aug 21, 2018, 03.18 PM ISTThe current market price of GMR Infrastructure is Rs 19.75.Edelweiss Financial Services has
a buy call on GMR Infrastructure with a target price of Rs 24.
The current market price of GMR Infrastructure is Rs 19.75.
Time period given
by the brokerage is one year when GMR Infrastructure price can reach the defined target
Outlook and valuations of the brokerage: Attractive assets; maintain 'BUY'
We reiterate that GMR is the most exciting play on the fast-growing Indian airport sector (GMR Infrastructure -Taking wings) and its airport
vertical is set for significant value generation, riding greater clarity in regulatory framework
Q1FY19; hence, we have revised down FY19/20E revenue of the energy trading business (no impact on earnings)
We maintain 'BUY/SO' with SOTP-based target price of Rs 24.
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