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Nifty Midcap-GMR INFRA share price analysis 2014

GMR INFRA share price analysis, price, daily charts, weekly chart, performance, forecast, predictions, outlook, trading tips for year 2014.

GMR INFRA share price daily chart

GMR INFRA share price daily chart analysis

GMR INFRA share on last trading session closed at 20.8 with gain. on daily chart, stock price trend is down as trading below its 3 month average but momentum clearly on recovery side that why we seen sharp rally in prices from 18.8 to now 20.8.

For month of March, GMR INFRA share below 21.2 remain bearish and sell on rise. On downside 19.8 and then 18.7 are strong support zones and targets if trades below 21.2.

On upside 21.2 and then 22 are strong resistances on daily chart. GMR INFRA share daily chart indicators pattern are bullish and suggesting bullish breakout ahead.

Traders only buy this stock if gives close above 21.2 with volume for targets 22-24 with strict stop loss on downside.

GMR INFRA share price weekly chart

GMR INFRA share price weekly chart analysis

GMR INFRA share on weekly chart, above 19-rupee level remain buy from medium terms. Once again taken support at 19 and now moving towards targets of 23.3 and then possibly 27.

On weekly chart, GMR INFRA share support zones are 19 and then 15.4 rupees. While on upside above given levels on 23.3 and then 27 will be strong supply zones. Indicators pattern on weekly chart are mixed but above 19-rupee swing traders can keep long view here.

GMR INFRA share price performance chart

GMR INFRA share price monthly chart analysis

GMR INFRA share from long-term view is real loser and destructed most retail investors investment. Nevertheless, in last 6 month stock had rallied almost 80% and now off the peak but still with 51% gains and outperforming market.

As GMR INFRA share fundamentally weak, I will see any thing below 13-14 rupee will be good for long-term investment but risk remain high. On upside 31 rupee is first target, which can be achievable in next 8-12 months. Then 42 is final target for next 2-3 years view. In my personal view, 5 rupees to 13 rupee is best value buy zone for stock.

GMR INFRA company description

GMR Infrastructure, Ltd. is India-based Company, which provides infrastructure services. The Company is a holding company with investments engaged in specific infrastructure projects. GMR Infrastructure operates in four segments: airports, energy, roads, sports and urban infrastructure. In November 2012, Lantana Properties Private Limited and GMR Hyderabad Airport Power Distribution Limited have become the subsidiaries of the Company. In February 2013, GMR Airports (Mauritius) Ltd became the subsidiary of the Company. In December 2013, the Company announced that it divest its 40% interest in Istanbul Sabiha Gokcen International Airport. In February 2014, GMR Infrastructure Ltd completed the divestment of its 74% interest in GMR Ulundurpet Expressways Private Limited to India Infrastructure Fund.

GMR INFRA stock fundamental ratios

Range 20.45 – 20.95
52 week 10.60 – 25.35
Open 20.80
Vol. 1.22M
Mkt cap 79.60B
P/E     -
Div/yield 0.10/0.49
EPS -1.49
Shares 3.89B
Beta -
Inst. own -

Updated: March 3, 2014 — 2:11 PM

The Author

Pramod Baviskar

Professional Financial Market Trader and Adviser Working since 2007 Developer of Trade-master™,Future-master™,Option-master™ and Now Signal-Pro™(Professional Trading system for Amibroker software) Working and Developing Auto-trading robots for various Financial Market. Follow Me on : Facebook-Twitter-Google-YouTube-Pinterest
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