The growth for Indian economy’s key driver is infrastructure sector. This sector is greatly responsible for fueling India’s overall development and ensure the creation of world class infrastructure in the country. It includes power, bridges, dams, roads and urban infrastructure development.
About Multibagger Jackpot Stock GMR Infra
Multibagger jackpot stock GMR Infra started off with a small jute mill in 1978 and now GMR is today a major player in the infrastructure sector, with great projects in India and abroad. It has been developing projects in areas such as airports, energy, highways and urban infrastructure.
GMR Group is one of the fastest growing infrastructure companies in the country with a rich and diverse experience. It has successfully implemented several awesome infrastructure projects in India using the public-private partnership (PPP) model.
Key Projects Area
GMR Group presently owns and operates Delhi and Hyderabad International Airport and is developing greenfield airport at Mopa. Apart from being the largest private airport company in India, GMR Group is also the only Indian airport developer to have developed and operated airports outside India. It is in partnership with Megawide Construction Corporation of Philippines for operating and developing Mactan Cebu International Airport. This international airport is the second largest airport of Philippines.
GMR Energy is a part of the GMR Group, which is one of the largest diversified Infrastructure company in India. With a balanced fuel mix of coal, gas, LSHS as well as renewable sources of the wind and solar energy, it has now operating capacity of over 4400 MW. Apart from this, it has over 2300 MW generation capacity which is in various stages of development in India and Nepal.
GMR Transportation Business mainly focuses surface transport projects including Roads, Railways, Metros and Air Strips or Runways. Its transportation business has 6 operational Highways covering a total length of 2851 lane Km. Four projects are on annuity model and four are toll based.
The Urban Infrastructure sector was carved to manage the Group’s foray into the businesses of Special Investment Region (SIR), Property Development and construction. GMR is developing a multi-product Special Investment Region through a joint venture with Tamil Nadu Industrial Development Corporation (TIDCO) in Tamil Nadu’s Krishnagiri District. The Group also has plans to develop a captive port based multi-product Special Investment Region in Kakinada, Andhra Pradesh.
Peer Competitors of GMR Group and Market Cap
|Va Tech Wabag||3,682.86||1,513.43||1,020.01|
|Rel Ind Infra||727.14||89.69||273.33|
|Era Infra Eng||49.74||1,211.02||6,044.90|
GMR Group is having 10,000 Cr. market cap with an asset of around 15,000 Cr. It is among the top infrastructure companies in India.
Technical Aspect Of Multibagger Jackpot Stock GMR Infra
From the technical perspective, you can see the stock has limited downside. On the other hand, you can expect the stock to move up from the current level and hit 130 or more. It has a strong resistance at 25 and once it gives breakup at this level, it will move up and hit 38. You can book partial profit here but I suggest you hold and forget about it. Next target is 53.40 and if it able to sustain at this level, you can see how it run and may touch 85 – 90. Ultimate target for this multibagger jackpot stock GMR Infra is at 130 level.
As I mentioned earlier the downside risk is limited so you can put a Stop Loss at 10.50 and go for holidays. So, grab this multibagger jackpot stock GMR Infra and you can earn 700% return or profit from your investment. Invest 20% percent of your targeted investment and let it grow like a giant banyan tree.
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