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Alpha Trade Recommendation for GMR Airport Infra: Key Insights from Bajaj Broking Research Desk

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Introduction

The Bajaj Broking Research Desk has identified a promising investment opportunity with GMR Airport Infrastructure Limited. The stock has recently demonstrated strong technical signals, making it a viable candidate for an Alpha Trade. Here is a detailed analysis of the recommendation, including the technical outlook, buying strategy, and potential growth indicators.

Buying Strategy & Price Targets:

  • Buying Range: ₹80.5 – ₹81.5
  • Target Price: ₹91.7
  • Stop Loss: ₹76.4
  • Expected Upside: 12.5% over 35 days
  • Current Market Price (CMP): ₹81.7

Technical Outlook on GMR Airport Infrastructure

  • Double-Bottom Neckline Breakout: GMR Airport Infra's share price has shown a breakout pattern on the daily timeframe. This suggests a robust buying opportunity with a favourable risk-reward ratio.
  • EMA Movement: The stock is currently trading above its 10-day EMA, reversing a previous trend of lower-highs and lower-lows.
  • Oscillator Analysis: The 14-period daily RSI has rebounded from the oversold zone, indicating potential for a further upward move. A positive crossover in the MACD further strengthens the case for ongoing positive momentum.

Company Overview: GMR Airport Infrastructure Limited

GMR Airport Infrastructure is a major player in the airport operation space, with additional ventures in power generation, coal mining, highways, and construction. Here are some key facts:

  • One of the Largest Private Airport Operator: GMR Airport Infra holds the distinction of being the one of the largest private airport operator in India and Asia, and the second-largest globally.
  • Passenger Traffic Share: In FY24, the company commanded 27% of the passenger traffic in India.
  • Growth Strategy: GMR aims to strengthen its non-aero adjacency businesses and seeks opportunities in India, South and Southeast Asia, and the Middle East, focusing on capex-light expansion.

Investment Rationale & Market Potential

The recommendation by our Research Desk highlights several key reasons why GMR Airport Infrastructure is a compelling investment:

  1. Technical Signals: The breakout and momentum indicators suggest potential price growth.
  2. Market Presence & Strategy: GMR’s extensive experience in the airport sector, coupled with strategic expansion, underlines its potential for consistent returns.
  3. Short-Term Upside Potential: The Alpha Trade recommendation focuses on a short-term target of ₹91.7, reflecting a 12.5% potential upside from the buying range in a duration of 35 days.

Risks & Considerations

  • Market Volatility: As with any investment, market risks exist. Monitoring macroeconomic factors and company-specific news is essential.
  • Stop Loss Discipline: Implementing the recommended stop loss of ₹76.4 helps mitigate downside risks.

Conclusion

The Bajaj Broking Research Desk’s Alpha Trade recommendation for GMR Airport Infrastructure presents a strategic buying opportunity, supported by technical analysis and market positioning. With a targeted gain of 12.5% over a short period, this trade aligns with investors looking for growth within a defined risk-reward framework.

Note: The figures mentioned are as of 3:30 PM on 6th November’24. For more details, you can check out the report from Bajaj Broking Research Desk. 

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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