GMR Infra

You all must be wondering why GMR Infra is not moving for past few days or past few weeks rather.

It is in a deep consolidation mode after having been up 6 times in past 1 year.

Good times will still come on the back of fundamentals. Nothing has gone wrong with the company as of now to change your investment decision. Patience is the key and it will pay.

I know its difficult to hold on when you see stocks moving 20% in a day.

Some more recent news for GMR

REL, GMR among six shortlisted for Singapore power firm

GMR Energy Ltd, the Company's 100% Subsidiary Company has acquired 80% stake of a Himtal Hydro Power Co. (P) Ltd.

One important Note : Only negative news which I have been hearing recently is that UP government is trying to open an airport near the existing Dial delhi airport.

If that happens there will be affect in delhi airport revenues.

Why not to worry much.??

Effect of revenue loss wont be more than Rs 20-25 per share. The new airport will take atleast 3-4 years to come up.

It won't be able to take much of traffic from delhi airport because DIAL will be an internation swanky airport with capacity to handle 100 million passenger.

Even if new airport comes up Govt will most probably compensate GMR with projected loss in terms of higher land usage in and around delhi airport which has huge potential upside.

Thats it from my side on GMR front :-)