GMR Infrastructure - Outperformer

GMR Infrastructure - Outperformer

GMR Infrastructure

 GMR Infrastructure

GMR Infrastructure

GMR Infrastructure

GMR Infrastructure

GMR Infrastructure

GMR Infrastructure Ltd

GMR Infrastructure Ltd

Adani Power, Ambuja Cements, Bharti Airtel, GMR Infrastructure, GSPL

Adani Power, Ambuja Cements, Bharti Airtel, GMR Infrastructure, GSPL

GMR Infrastructure Ltd

GMR Infrastructure Ltd

GMR Infrastructure Ltd

GMR Infrastructure Ltd

GMR Infrastructure

GMR Infrastructure

GMR Infrastructure, Tulip Telecom, Britannia Industries

GMR Infrastructure, Tulip Telecom, Britannia Industries

Marico, GMR Infrastructure, Reliance Capital, NHPC, India Economy

Marico, GMR Infrastructure, Reliance Capital, NHPC, India Economy

Annual Report - GMR Infrastructure - 2009-2010

GMR INFRASTRUCTURE LIMITED

ANNUAL REPORT 2009-2010

DIRECTOR'S REPORT

Dear Shareholders,

Your Directors have pleasure in presenting the 14th Annual Report together
with the audited accounts of your Company for the year ended March 31,
2010.

GMR Infrastructure Ltd

GMR Infrastructure

GMR Infrastructure

GMR Infrastructure

GMR Infrastructure

GMR Infrastructure

GMR Infrastructure

GMR Infrastructure

GMR Infrastructure

GMR Infrastructure

GMR Infrastructure

We recommend a sell in the stock of GMR Infrastructure from a short-term perspective. It is evident from the charts that the stock has been on an intermediate-term downtrend since its June 2009 high of Rs 91, forming lower troughs and lower peaks. Moreover, within this downtrend-line we notice formation of bearish symmetric triangle pattern spanning since November 2009. After meeting resistance (downtrend line) at around Rs 70 recently, the stock resumed its downtrend. On January 12, the stock fell 3 per cent with above average volume, breaking through the triangle pattern and also breaches the 21- and 50-day moving average. The daily and weekly relative strength indices are slipping towards the bearish zone in the neutral region. Considering that the downtrend-line is intact and the stock has broken out of the pattern we are bearish from a short-term perspective. We expect it to decline until it hits our price target of Rs 60. Traders with short-term perspective can consider selling the stock while maintaining stop-loss at Rs 70.50.

via BL

Deccan Chronicle, Dabur India, Dishman Pharma, EIH Hotels, Elecon Engineering, EMCO, Entertainment Network, GMR Infrastructure Deccan Chronicle, Dabur

Deccan Chronicle, Dabur India, Dishman Pharma, EIH Hotels, Elecon Engineering, EMCO, Entertainment Network, GMR Infrastructure

GMR Infrastructure

We recommend a buy in GMR Infrastructure from a short-term perspective. It is apparent from the charts the stock has been on a long-term uptrend from its October 2008 low of Rs 22.75. However, after encountering resistance around Rs 90 in June it was on a medium-term decline till the July support level at Rs 60. With in the long-term uptrend, the stock has been consolidating sideways in the range of Rs 60 and Rs 75 since July. The key support at Rs 60 along with the positive divergence in the daily relative strength index (RSI) backed the stock’s 7 per cent jump on November 4. The daily RSI is on the verge of entering the neutral region from the bearish zone and the weekly RSI is hovering over the neutral region. Considering that the stock’s long-term uptrend-line is in tact we are bullish on it from a short-term perspective. We expect the stock to move up until it hits our price target Rs 69.5. Traders with a short-term perspective can buy the stock while maintaining a stop-loss at Rs 60.

via BL