GMR Infrastructure may move to Rs 32: Baliga

Jan 27, 2014, 05.59 PM IST

Ambareesh Baliga, Managing Partner-Global Wealth Management, Edelweiss Financial Services feels that GMR Infrastructure may go to Rs 32 in next 8-10 months.

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Ambareesh Baliga, Managing Partner-Global Wealth Management, Edelweiss Financial Services feels that GMR Infrastructure may go to Rs 32 in next 8-10 months.

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GMR Infrastructure may move to Rs 32: Baliga

Ambareesh Baliga, Managing Partner-Global Wealth Management, Edelweiss Financial Services feels that GMR Infrastructure may go to Rs 32 in next 8-10 months.

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Ambareesh Baliga, Managing Partner-Global Wealth Management, Edelweiss Financial Services told CNBC-TV18, "We have seen lower levels of Rs 13-14 for GMR Infrastructure but this time I don't think it will breach those levels of Rs 18.5-19. So, closer to those levels one could look at buying. We have a target of about Rs 32 for the stock over the next 8-10 months."

On January 27, 2014 GMR Infrastructure ended at Rs 20.55, down Rs 2.45, or 10.65 percent.

The share touched its 52-week high Rs 25.35 and 52-week low Rs 10.65 on 01 January, 2014 and 06 August, 2013, respectively.

Harmonis Hubungan