BUY GMR Infra at current levels

Thebullishtrends : GMR Infra closed today at Rs.224 with a loss of Rs23/- per share, this decline happend due to the nervousness in the market, and technically the script fell down, and one can take this as an opportunity to enter into this stock, at present levels, as per the market sources, GMR Infra is planning to issue shares at Rs.280/- to QIP s. The issue will be decided in EGM to be held on 26th November'07.

GMR Infra is having 3 airport contracts in its hand. One at Shamshabad Airport to be completed and will start operations from April'08, one at Delhi Airport the project under the process,it will sublease 45acres of land, out of 200acres allocated for the project, the company received the bids and it will be finalised in next month, another airport project is at Istambul.
The company eyes on Europe to get one more prestigious airport contract.

Market sources are expecting many more announcements in the coming months from GMR Infra, no doubt it is a good stock in Infrastructure industry, one can buy at current levels.
(21.11.2007 at 5:05PM)