100% Return in 1 Year: This stock can double your money in 1-3 years - Check target price by Anil Singhvi | Wealth Creation Pick

GMR Airport Infrastructure Share Price Target, Wealth Creation Pick: Bulls are back in action the Dalal Street as Sensex jumped 526.01 points to settle at 72,996.31 and Nifty climbed 118.95 points to end today's session at 22,123.65. Amid this, Zee Business Managing Editor Anil Singhvi has picked another stock that has the potential to create good wealth in the long run. 

GMR Airport Infrastructure is Anil Singhvi's Wealth Creation Pick

GMR Airport Infrastructure is today's Wealth Creation Pick by Anil Singhvi. This stock with strong fundamentals can give a good return in the long term. In one year, the counter has given multibagger return of over 100 per cent.

GMR Airport Infrastructure: Check Anil Singhvi's View 

Market guru Anil Singhvi said that GMR Airport Infrastructure has world-class assets in its portfolio.

"GMR Airport Infrastructure has great assets. Among domestic airports, the company has airports in Delhi, Hyderabad and Goa. If we look at the international airports, they have Medan (Indonesia), Crete (Greece) and Cebu (Philippines) airports.

Singhvi said that the expansion of Delhi and Hyderabad airports is expected to be completed in FY24 and the expansion of the new airport of MOPA (Goa) is expected to be completed in FY25. "These will bring further growth. The company is building a new airport. There is an investment of around Rs 4000-5000 crore here. The finance of the fourth airport Bhogapuram (Vizag) has also been approved. Apart from this, the entire focus of the company is on reducing debt. Gradually the company is working in this direction. Delhi Airport is expected to be profitable by FY25. Income of Rs 8500 crore is expected in FY24," he said.

GMR Airport Infrastructure: Check target price by Anil Singhvi

Anil Singhvi has given three targets of Rs 100, Rs 125 and Rs 150. He advised investors to do SIP on every 10 per cent dip and keep the stock in the portfolio for 1-3 years. The stock may double from the current level.