IIFL Securities's Stock Idea: Buy Gmr Airports Infra with Target Rs 96

IIFL Securities has recommended a 'buy' call on GMR Airports Infra with a target price of Rs 96, representing an upside potential of 5.3% from the current market price of Rs 91.18. The brokerage firm is bullish on the airport operator due to its strong operational performance and expansion plans. GMR Airports Infra operates airports in Delhi, Hyderabad, and Istanbul, and has plans to develop new airports in Goa and Nagpur. The company's financial performance has been strong, with revenue and profit growing steadily in recent years.

About Gmr Airports Infra:

GMR Airports Infrastructure Limited (GMR Airports), incorporated in 2006, is a leading Indian airport infrastructure company with presence across the country. It operates seven airports in India, including the Indira Gandhi International Airport in Delhi, and is also developing the greenfield airport at Mopa, Goa. GMR Airports handles over 45% of India's air passenger traffic and has a track record of delivering world-class infrastructure. The company is committed to providing a safe, secure, and efficient experience for travelers and is actively involved in sustainable initiatives to reduce its environmental footprint.

52 Week Price Trend:

GMR Airports Infrastructure (GMRINFRA) trades at Rs 91.18, near its 52-week high of Rs 94.35 but significantly above its 52-week low of Rs 37.2. The stock has gained over 140% in the past year, fueled by strong growth in passenger traffic and the company's expansion plans. GMRINFRA operates several airports in India, including those in Delhi, Hyderabad, and Bengaluru. The company's strong financial performance and positive industry outlook make it an attractive investment for those seeking exposure to the aviation sector.

Stratzy's MOST Analysis:

GMRINFRA has been assessed as having medium fundamental risks by Stratzy's MOST framework, earning a BB rating. This rating is based on an evaluation of the company's management, outlook, safety, and trend. Stratzy's analysis suggests that GMRINFRA faces some challenges in these areas, indicating potential risks for investors. However, the company's overall performance is considered stable, and it may be suitable for investors with a moderate risk tolerance.

Fundamental and Technical information provided in this blog were last updated on 11 Jun, 2024

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