Up 20% in 2 weeks: Motilal Oswal bullish on this infra stock, suggests buying for 2-3 days

The NSE Nifty 50 started 30.35 points (0.13 per cent) higher at 23,558.25, while the BSE Sensex opened 102.02 points (0.13%) higher at 77,403.16 today, June 19.

At 12.44 PM, Nifty 50 was 0.016 per cent up at 23,561.60 while Sensex was 0.19 per cent higher at 77,445.51.

Meanwhile, brokerage Motilal Oswal picked a stock for 2-3 days. The company is a leading global airport developer possessing a marquee airport asset portfolio.  

Stock to buy for short-term

Brokerage Motilal Oswal has made GMR Airports Infrastructure Limited (GMR Airports) a technical pick for 2-3 days. The target for this has been kept at Rs 105. On June 18, 2024, the share price was at Rs 98. In this way, the stock may rise by 7-8 per cent from the current price.

GMR Airports Q4FY24 Results

GMR Airports Infrastructure Ltd on May 29 shared its financial results for the fourth quarter of fiscal 2024. The company reported  a net loss of Rs 167.6 crore for Q4FY24 that ended March 31, 2024. In the corresponding quarter, GMR Airports Infrastructure posted a net loss of Rs 638.9 crore, the company said in a regulatory filing.

The company's revenue from operations jumped 29.5 per cent to Rs 2,446.8 crore as against Rs 1,889.7 crore in the corresponding period of the preceding fiscal.

GMR Airports share price history

The stock gained over 134 per cent in a year. The stock has risen around 31 per cent in the last six months. The return in three months was 32 per cent. The stock has given returns of about 16 per cent in the last month. The 52-week high of the stock on BSE is 100.7 and the low is 41.3. The market cap of the company is more than Rs 60,015.40 crore.

Meanwhile, shares of GMR Airports were tarding at Rs 99.5 each, up 1.73 per cent on BSE today at 12.59 PM IST.

The views/suggestions/advice expressed here in this article are solely by the brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.