Macquarie Starts GMR Airports at Outperform with INR125 Price Target

FINWIRES Analysis

Initiating at Outperform with a target above the INR118.62 consensus mean signals Macquarie is more bullish than the average analyst on the airport operator. Fresh coverage from a major broker can broaden institutional interest and support liquidity. Indian aviation traffic growth and concession economics are the variables to track against this above-consensus call.

What are the key takeaways?

INR125 target tops INR118.62 consensus mean

New coverage may widen institutional interest

Traffic growth underpins above-consensus thesis

GMR Airports (NSE:GMRAIRPORT, BOM:532754) has an average rating of buy and mean price target of 118.62 Indian rupees, according to analysts polled by FactSet.

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