Jefferies recommends buying GMR Airports with a target price of ₹100

Team BL Updated - June 12, 2024 at 09:02 AM.

The management is focused on developing an airport platform strategy, consolidating non-aero businesses, and reducing complexity

| Photo Credit: VV Krishnan

Jefferies has recommended buying GMR Airports, setting a target price of ₹100.

The company has filed a new tariff application for Delhi International Airport Limited (DIAL), which may be implemented by the fourth quarter of FY25.

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Management is focused on developing an airport platform strategy, consolidating non-aero businesses, and reducing complexity.

Additionally, there is a strong emphasis on managing leverage in FY25. These strategic moves are expected to drive growth and enhance the company’s position in the airport sector.

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Published on June 12, 2024 03:32
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