A C Choksi is bullish on GTL Infra and has recommended buy rating on the stock with a target of Rs 20 in its July 29, 2011 research report.
“GTL Infrastructure Limited formed in Feb.2004 belongs to the Global Group enterprise. The Global Group has 7 operating companies (two of which are listed on the stock exchanges) operating in 46 different countries. GTL Infrastructure Limited is engaged in the business of Shared Passive Telecom Infrastructure in India. The company builds, owns, operates and maintains passive network infrastructure (towers) to cater to the infrastructure needs of cellular telecom operators. GTL's towers are distributed across High Average Revenue Per User (ARPU) generating Metros and Class A Circles and high growth regions of Class B & C Circles which benefits the telecom operators to rollout 2G, 3G or BWA on a pan-India basis in a short time.”
