Stock of the day : GMRINFRA Ltd For Target Rs. 99 - Religare Broking
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GMRINFRA Ltd
* GMRINFRA has been in a steady uptrend from past more than 4 months with gradual rise in volumes.
* It has formed a fresh buying pivot holding above its short term moving average i.e. 20 DEMA.
* Following price action and uptick in volumes suggests bullish tone to continue.
* We thus recommend creating fresh longs in the mentioned range.
BUY GMRINFRA Ltd CMP 92.10; Range 92-93; SL 89; Target 99
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SEBI Registration number is INZ000174330
