In its latest research report, Nirmal Bang, an equity research firm said that GMR Infrastructure can give good returns in the short term.

According to Nirmal Bang Research, interested traders can buy the stock with a strict stop loss of Rs 132.

The report also stated that, if the counter is successful to breach 144, then it will hit a target of Rs 165.

Today (Sep 17), the shares of the company opened at Rs 141.05 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 183.50 and a low of Rs 45.60 on BSE. Current EPS and P/E of the stock stood at 0.32 & 431.41 respectively.

Delhi International Airport (DIAL), a division of GMR Infrastructure, has granted the `Neutral Host In-building Communication Solution` agreement to Quippo Telecom for IGI Airport`s under construction Terminal 3.

Moreover, Quippo has named Ericsson as technical associate for this deal.

The Neutral Host In-building Communication Solution will be on active fibre-based technology and is trial product in the telecommunication business for wireless coverage.

On Sep 10, GMR Infrastructure has decided to restructure its functioning, making four holding-cum-operational groups for airports, energy, roads and worldwide business that would be registered on the stock markets by the coming one to two years.

GMR Infra is also planning to clear up Rs 75 billion in these different divisions via equity route.

This comprises Rs 25 billion in GMR Infra and Rs 15 billion each in the holding firms for airports, energy as well as international business.

Besides, the holding company would lift around Rs 5 billion for road business.