GMR Airports stock outlook: As the company entered quarter 3, historically the strongest quarter for travel and tourism, the management remains confident in the sector's trajectory.
Shares of GMR Airports hit a multi-year high of ₹104.80, as they surged 7 per cent in intra-day deal on back of over nine-fold jump in average trading volumes.
The buying on the counter came after, according to Bloomberg data, in the pre-opening session, 45.5 million equity shares changed hands in the pre-market session in a block deal
Breakout stocks: GMR Airports, Mahanagar Gas, Redington, JSW Infrastructure and Bank of Maharashtra can rally up to 28%, suggest technical charts.
GMR Airports' shares gained today after the company announced it had received a Letter of Intent to Award (LOIA) from its subsidiary Delhi International Airport Limited (DIAL).
GMR Airports stock outlook: CareEdge Ratings projects a robust 9% CAGR in air passenger traffic over FY25- FY27, with international traffic growth expected to outpace domestic growth.