Motilal Oswal is bullish on G R Infraprojects recommended buy rating on the stock with a target price of Rs 1400 in its research report dated May 19, 2023.

Buy G R Infraprojects; target of Rs 1400: Motilal Oswal

Profitability of road construction companies is seen improving in Q4 FY23 due to softening of commodity prices. Meanwhile, better execution is expected to be reflected in the quarterly performance of KNR Constructions, PNC Infratech, H G Infra Engineering, G R Infraprojects and KEC International.

Road infra: Q4 results to reflect softening input costs, better NHAI awarding and execution

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The project is for construction of tunnel work between Adenigarh-Purunakatak consisting of Tunnel T4, T5, T6 and T7, the length of which is approximately 7.49 km and allied works of Khurda-Bolangir new rail-line project in east coast railway, G R Infraprojects said.

G R Infraprojects surges 5% on Rs 587.59 crore-order win from East Coast Railway

The financial bids were opened on March 28, 2023, GR Infraprojects said in a BSE filing.

GR Infra lowest bidder for 2 NHAI projects worth Rs 1,613 crore in Karnataka

The bid includes construction of 4/6 Lane Bypass for Belagavi City in the state of Karnataka on Hybrid Annuity Mode (HAM) Package 1 with a project cost of Rs 897.37 crore

G R Infraprojects hits 52-week low after emerging as lowest bidder for two NHAI projects

G R Infra Hits 52-Wk Low; Lowest Bidder for Projects Worth Rs 1,613.8 Crore

G R Infraprojects jumped 7.43% to Rs 1,040.95 after the company emerged as lowest (L‐1) bidder for tender invited by National Highways Authority of India (NHAI) for a road project amounting to Rs 1,226.87 crore in Uttar Pradesh.

G R Infra spurts on emerging as L-1 bidder for Rs 1,227-cr project in UP

G R Infraprojects wins NHAI road project in Uttar Pradesh

G R Infraprojects successfully bids for NHAI road project worth Rs 1225.87 cr

Udaipur based GR Infraprojects was listed in July 2021 when the company raised a little more than Rs 963 crore via its initial public offering by selling its shares at Rs 837 apiece.

GR Infra jumps 8% after winning multiple orders worth Rs 4,500 crore

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The company is into road engineering procurement and construction (EPC). The company’s operations are in civil construction activities,  development of roads and highways and manufacturing activities. 