Stock market analysts have maintained a ‘Buy’ rating on GMR Infrastructure stock with a long term target of Rs 175.

The company is now making robust efforts to expand its market share, strengthen its business, shapes its asset quality and put more pressure on customer service to develop its profile and combat increasing competition.

According to analysts, investors who have already purchased the stock can go long with the intention of making a big profit.

On the other hand, interested investors can purchase the stock on declines with a strict stop loss of Rs 95.

On Firday (August 1), the stock of the company marked its closure at Rs 98.95, up 6.79%, on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 268.70 and a low of Rs 76.50 on BSE.

Any decline in the stock price corresponding to the broad market can be used as a prospect to take fresh exposure.

GMR Infrastructure registered a phenomenal increase in standalone net profit for the three month period ended June 2008, on account of strong sales.

During the quarter, the profit of the company rose 57.38 times to Rs 418.90 million from Rs 7.30 million in the same quarter last year. The company reported earnings of Rs 0.23 a share during the quarter, registering 11.50 times growth over previous year period.

Net sales for the quarter rose 7.84 times to Rs 554.40 million, while total income for the quarter jumped 7.90 times to Rs 558.70 million.

The company, via its step-down arm, GMR Energy Global, entered into necessary arrangements to get hold of 50% equity stake in US-based InterGen by means of compulsory convertible debentures.

The company has also given a corporate guarantee up to a maximum of USD 1.3 billion to the mandated lead arrangers on behalf of a fellow subsidiary to enable it to raise debt for financing the aforesaid acquisition.

On July 9, Delhi International Airport (DIAL), a subsidiary of GMR Infrastructure, has awarded Siemens Mobility, Germany, a deal to supply the baggage handling system for the forthcoming Terminal 3 at I.G.I Airport, New Delhi.

Moreover, GMR Infrastructure, on July 1, completed renovations at Indira Gandhi International Airport by Delhi International Airport (Dial), the GMR led consortium. The renovation was taken to augment the efficiency of the terminal and also perk up its aesthetics and functionality.