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

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

Quick Summary:

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.

Analysts expect EBITDA to grow by 40 per cent CAGR over FY24-FY27e.

ADP’s presence at strategic & board level will ensure fund-raising capabilities, project execution and bidding capabilities, the brokerage firm said as it initiated coverage on the stock on May 26, 2024 with a target price of Rs 100 per share.