Page 3 - Gmr Airports

GMR Airports stock price rises after July passenger traffic jumps 8% YoY

The increase in stock price follows GMR Airports' release of its passenger traffic data for July 2024.

GMR Airports Infra shares slip on weak Q1; Net loss widens to Rs 141 cr

GMR Airports Infrastructure shares have multiplied investors' wealth in the last two years, with a sprint of 168.70 per cent during the period, as per BSE analytics

Ajit Mishra from Religare Broking suggests buying these three stocks today

Market reactions to the US Fed meeting outcome will be evident in early trades on Thursday. Indications suggest that the current market tone will persist.

RVNL, Angel One, Dixon, ITC, SBI: Strategies for Budget 2024 stocks

Stocks in focus ahead of Union Budget 2024: These 11 stocks across sectors are likely to be in focus in anticipation of measures to be announced by the finance minister Nirmala Sitharaman on Tuesday,

This Chris Wood-owned airport scrip hit a new high today. Guess the stock!

Christopher Wood, global head of equity strategy at Jefferies added GMR Airports in his kitty earlier this month by trimming stakes in two private sector lenders

Delhi Airport introduces self-baggage drop facility: Here's how it works

The quick drop facility eliminates the need for a boarding pass or any biometric verification, reducing processing time from one minute to just 30 seconds

GMR Airports hits 52-week high; up 34% from June 4 low on healthy outlook

In upside scenario, Jefferies expects Airport traffic to growth at CAGR of 15% over FY24-FY27e and higher increase in Aero tariffs and expect EBITDA to grow by 40% CAGR over FY24-FY27e.

Jefferies initiates coverage on GMR Airports, sees upside potential of 15%

Jefferies said that GMR Airports is evolving from utility to a retail consumption play and is slated to benefit from the strong air traffic growth outlook

GMR Airports Infrastructure shoots up by 8% on healthy business outlook

Shares of GMR Airports Infrastructure shot up 8.2 per cent at Rs 92.34 a piece on Friday's intraday trade. A combined 3.07 million shares of the company changed hands on the BSE

GMR Group, IndiGo tie up for digital transformation in Indian aviation

GMR Group and IndiGo Airlines on Thursday announced a strategic collaboration forming a digital consortium aimed at reshaping the landscape of the Indian aviation industry. A press release from GMR said the partnership brings together the diverse strengths of GMR's infrastructure expertise and IndiGo Airlines' innovative approach to air travel. The consortium will focus on deploying cutting-edge technologies to enhance operational efficiency, passenger experiences, and overall industry sustainability. While GMR Group and Indigo will be the founding partners of this industry consortium, the initiative aims to collaborate with multiple stakeholders of the aviation ecosystem to drive the key objectives of driving technological innovation, enhancing passenger services, achieving operational excellence, and embracing sustainable practices to minimize environmental impact. The key objectives of the consortium includes technological innovation, enhanced passenger services and operational .

Stocks to Watch on Jan 17: Asian Paints, HDFC Bank, LTTS, Godrej Prop, LTIM

Stocks to watch on Wednesday, January 17, 2024: HDFC Bank reported a 34 per cent jump in its standalone net profit to Rs 16,373 crore for Q3FY24, topping estimates by over 1 percentage point

Fog impact: Give real-time update on flight delays, DGCA tells airlines

DGCA to issue SOP to airlines for better communication with passengers as fog impacts flight operations, he added

For GMR group, in its demerged avtaar, airports division is a bigger star

The group's non-airport entity is still work in progress in terms of stronger liquidity and asset exits

NIIF to invest Rs 675 crore in GMR's Bhogapuram airport in Andhra Pradesh

This is part of the financial partnership announced in December 2022 in which NIIF would invest in the equity capital of three airport projects of the GMR group

GMR receives Rs 3,215-crore term loan for Vizag International Airport

The project cost would be funded by Rs 3,215 crore debt, equity and equity-linked instruments of Rs 1,377 crore, and a grant of Rs 135 crore by the Andhra Pradesh government

GQG Partners checks in at GMR Airports Infrastructure, buys 4.7% stake

Total 11.8% equity stakes changed hands in block deals

Four entities sold GMR Airports Infra shares worth Rs 4,136 crore

Four entities on Friday pared 11.7 per cent stake in GMR Airports Infrastructure for Rs 4,136 crore through open market transactions. According to the bulk deal data available with the BSE, A/D Investors Fund LP, ASN Investments Ltd, Varanium India Opportunity Fund and Deccan Value Investors Fund LP offloaded more than 70.99 crore shares, amounting to 11.75 per cent stake in GMR Airports Infrastructure. The shares were sold in the price range of Rs 58.20-58.47 apiece, taking the combined transaction value to Rs 4,135.84 crore. Varanium India Opportunity Ltd, ASN Investments and A/D Investors Fund LP offloaded their entire stakes and exited the firm, while Deccan Value Investors Fund LP shareholding reduced stake to 0.96 per cent from 1.89 per cent. Meanwhile, Rajiv Jain-backed GQG Partners bought 28.28 crore shares, amounting to a 4.7 per cent stake in GMR Airports Infrastructure. The shares were acquired at an average price of Rs 59.09 per piece, taking the transaction value to R

Delhi airport passenger traffic between April-October highest ever: GMR

In October, the Indira Gandhi International Airport handled the highest monthly traffic yet in FY24 at 6.08 million

GMR Airports to raise upto Rs 50 bn through debentures to retire old debt

In talks to tie-up funding for airport in Andhra Pradesh

GMR Airports Infrastructure reduces loss to Rs 190 cr in Jul-Sep quarter

GMR Airports Infrastructure Ltd (GIL) on Monday reported its consolidated net loss reduced to Rs 190 crore in the July-September quarter of the current fiscal year. The company had reported a net loss of Rs 197 crore in the quarter ended September 30, 2022. Company's net income during the reporting quarter rose 25 per cent to Rs 1,607 crore against a net income of Rs 1,285 crore achieved in the second quarter of previous fiscal, GIL said in a statement. The total passenger traffic increased by 25 per cent year-on-year to 26.5 million in the July-September period, the company said. EBITDA (earnings before interest, taxes, depreciation and amortisation) during the September quarter grew by 34 per cent year-on-year to Rs 848 crore, it said. According to GIL, passenger traffic at Delhi airport increased to 17.7 million, up 18 per cent YoY from 15 million in the corresponding quarter of FY23. Domestic traffic witnessed a 16 per cent YoY growth, while international traffic rose by 22 pe