Rajesh Agarwal of CD Equisearch advises to hold GMR Infrastructure for 9-12 months.
Agarwal told CNBC-TV18, "GMR Infras business model is good. They are into power and airport business, Delhi and Hyderabad airports are with them and they are the only Indian company at this moment, which has got international airport of Istanbul in their kitty. They are looking for acquisition of more airports, this speaks well for the company and looking at the power scenario the counter looks good. After the recent crash the valuations are decent. One should definitely hold on to the stock on for 9-12 months, I hope 25-30% return from current price levels is quite possible"
Source : MoneyControl
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