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Rakesh Madhav CFA

19th Nov · SEBI-Registered Analyst

✈️ GMR Airports – Taking Off with Volume Thrust! CMP: ₹103.7 | Change: +6.18% | Sector: Aviation Infra

Technical View:

GMRAIRPORT
s rallied over 6% on strong volume (103M shares), breaking out of its previous swing high near ₹99. The price action shows a clean breakout with bullish follow-through. RSI and volume confirm the move, suggesting momentum could push the stock toward ₹108–₹112. Immediate support lies near ₹98. Fundamental View: The stock gained traction following expectations of higher passenger traffic and improving non-aero revenues. GMR reported robust Q2FY26 results with consolidated revenue up 22% YoY and reduced losses due to improving Delhi & Hyderabad airport performance. Long-term tailwinds include capacity expansion, increased international routes, and stable cargo business. The company’s partnership with France’s Groupe ADP ensures operational expertise and capital backing. Analyst Rating: Consensus outlook: ADD/BUY, driven by structural recovery in air travel and stable cash flows. Target: ₹112 (≈8% upside) | Stop-loss: ₹98.

#FundamentalViews#TechnicalViews#EquityResearch
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