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Add GMR Infrastructure Ltd For Target Rs.56 - ICICI Securities India flying high again Traffic at the GMR-managed Delhi and Hyderabad airports grew 18% and 24% YoY in Q1FY24. International traffic too grew sharply at the two airports – by 20%. Notably, traffic was up 14% and 12% compared to pre-covid levels. Thus, their aero and non-aero revenues grew sharply during the quarter. As a result, EBITDA surged 76% YoY. Also, GMR received a favourable order from appellate court for Delhi Airport. The order, if approved by the court, will likely lead t...
Add GMR Infrastructure Ltd For Target Rs.56 - ICICI Securities
Add GMR Infrastructure Ltd For Target Rs.56 - ICICI Securities
Source: ICICI Securities
21/08/2023 3:14:38 PM
Add GMR Infrastructure Ltd For Target Rs.48 - ICICI Securities Pieces of Jigsaw finally falling into place Traffic on airports is back, corporate structure has been simplified, a strategic investor has checked in and new terminals are being commissioned – tell-tale signs of improving earnings trajectory and increasing investor interest in airports business. There was a drastic decline in air traffic during Covid. Now, airports of GMR are teeming with activity – growth is back to normal. The simplification of corporate structure has been un...
Add GMR Infrastructure Ltd For Target Rs.48 - ICICI Securities
Add GMR Infrastructure Ltd For Target Rs.48 - ICICI Securities
Source: ICICI Securities Ltd
8/07/2023 9:44:34 AM
Statiq to set up 20K EV charging points in India in FY23 EV charging solution provider Statiq on Saturday announced plans to install 20,000 electric vehicle (EV) charging stations across the country in FY23. The company claims to have over 7,000 public semi-public and captive chargers in the country. According to Statiq, more than 1,000 charging stations are equipped with fast-charging technology and are located in strategic locations such as malls, highways, airports, residential & commercial complexes, hotels, and office complexes, amon...
Statiq to set up 20K EV charging points in India in FY23
Statiq to set up 20K EV charging points in India in FY23
Source: IANS
14/01/2023 2:33:32 PM
GMR Infrastructure jumps as its arm signs deal with Aboitiz InfraCapital GMR Infrastructure is currently trading at Rs. 39.80, up by 1.40 points or 3.65% from its previous closing of Rs. 38.40 on the BSE. The scrip opened at Rs. 38.65 and has touched a high and low of Rs. 40.70 and Rs. 38.00 respectively. So far 1172149 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 46.84 on 05-Jan-2022 and a 52 week low of Rs. 28.21 on 13-Sep-2021. Last one week high and low of the scrip stood at R...
GMR Infrastructure jumps as its arm signs deal with Aboitiz InfraCapital
GMR Infrastructure jumps as its arm signs deal with Aboitiz InfraCapital
Source: Accord Fintech
2/09/2022 3:58:19 PM
Delhi Airport moves to complete green energy from June 1  The Delhi Airport has moved to green energy and uses only hydro and solar power for all its energy needs since June 1. With this, the Delhi Airport became the first airport in India to run entirely on hydro and solar power. This is a major step by the airport toward achieving the ambitious goal of becoming a Net Zero Carbon Emission Airport by 2030. Delhi International Airport Limited (DIAL), a GMR Infrastructure Limited (GIL)-led consortium, which manages and operates the Delhi A...
Delhi Airport moves to complete green energy from June 1
Delhi Airport moves to complete green energy from June 1
Source: IANS
4/07/2022 3:19:47 PM
Buy GMR Infrastructure Ltd For Target Rs.42 - JM Financial Services Domestic PAX recovers to 92-96% of Pre-Covid normal GMR Infra (GMRI) reported FY22 adj. loss of INR 6.35bn, cutting losses by 77% YoY on recovery in PAX vs. low base of FY21 (Covid impact). The 4QFY22 adj. loss at INR 1.3bn is optically negative compared with 4Q FY21 profit of INR 584mn last year due to a) higher base of 4Q which had IND AS related one offs, b) INR1bn increase in other expenses on post Covid mobilisation / prior year items. The DIAL 4QFY22 EBITDA fell 31% YoY on higher bas...
Buy GMR Infrastructure Ltd For Target Rs.42 - JM Financial Services
Buy GMR Infrastructure Ltd For Target Rs.42 - JM Financial Services
Source: JM Financial Services Ltd
23/05/2022 11:33:13 AM
GMR Infrastructure surges after it starts trading at stock exchanges as pure-play airport sector company GMR Infrastructure is currently trading at Rs. 44.90, up by 0.10 points or 0.22% from its previous closing of Rs. 44.80 on the BSE. The scrip opened at Rs. 45.00 and has touched a high and low of Rs. 45.40 and Rs. 43.95 respectively. So far 1258236 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 46.84 on 05-Jan-2022 and a 52 week low of Rs. 21.44 on 26-Apr-2021. Last one week high and low of the scrip stood at R...
GMR Infrastructure surges after it starts trading at stock exchanges as pure-play airport sector company
GMR Infrastructure surges after it starts trading at stock exchanges as pure-play airport sector company
Source: ACCCORD FINTECH
12/01/2022 5:25:59 PM
Hold GMR Infrastructure Ltd For Target Rs.40 - ICICI Securities Passenger traffic improves GMR Infrastructure’s (GMRI) Q2FY22 losses reduced 66% YoY to Rs1.6bn on the back of recovery in its airports business as passenger traffic rebounded at both DIAL and GHIAL. GMR Kamalanga operated at its all-time high PLF and was helped by dividend of US$60mn from PT GEMS. Phase-I of the Bharti Realty lease deal was restructured due to which, GMRI had to reverse Rs3.3bn booked earlier. However, this has not impacted the ongoing capex, and the company will re...
Hold GMR Infrastructure Ltd For Target Rs.40 - ICICI Securities
Hold GMR Infrastructure Ltd For Target Rs.40 - ICICI Securities
Source: ICICI Securities Ltd
28/12/2021 12:07:11 PM
GMR Infrastructure zooms after its arm signs SHA, SSA with Angkasa Pura II for Medan Airport in Indonesia GMR Infrastructure is currently trading at Rs. 44.20, up by 1.55 points or 3.63% from its previous closing of Rs. 42.65 on the BSE. The scrip opened at Rs. 42.85 and has touched a high and low of Rs. 44.45 and Rs. 42.40 respectively. So far 1486320 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 46.10 on 13-Oct-2021 and a 52 week low of Rs. 22.50 on 26-Apr-2021. Last one week high and low of the scrip stood at R...
GMR Infrastructure zooms after its arm signs SHA, SSA with Angkasa Pura II for Medan Airport in Indonesia
GMR Infrastructure zooms after its arm signs SHA, SSA with Angkasa Pura II for Medan Airport in Indonesia
Source: Accord Fintech
27/12/2021 12:33:52 PM
GMR Infrastructure rises on getting approval from NCLT for demerger of non-airport business GMR Infrastructure is currently trading at Rs. 42.75, up by 0.10 points or 0.23% from its previous closing of Rs. 42.65 on the BSE. The scrip opened at Rs. 43.15 and has touched a high and low of Rs. 43.15 and Rs. 42.15 respectively. So far 901110 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 46.10 on 13-Oct-2021 and a 52 week low of Rs. 22.50 on 26-Apr-2021. Last one week high and low of the scrip stood at Rs...
GMR Infrastructure rises on getting approval from NCLT for demerger of non-airport business
GMR Infrastructure rises on getting approval from NCLT for demerger of non-airport business
Source: Accord Fintech
24/12/2021 12:26:24 PM
GMR Group says NCLT approves non-airport demerger plan GMR Infrastructure on Thursday said it has received an approval from the Mumbai bench of National Company Law Tribunal on the demerger of its non-airport businesses. "The Hon'ble National Company Law Tribunal, Mumbai Bench (Tribunal) has sanctioned the composite scheme of arrangement amongst GMR Power Infra Limited (GPIL), GMR Infrastructure Limited (GIL) and GMR Power and Urban Infra Limited (GPUIL) and their respective shareholders (Scheme) under Sections 230 to 232 of the Compa...
GMR Group says NCLT approves non-airport demerger plan
GMR Group says NCLT approves non-airport demerger plan
Source: IANS
24/12/2021 9:41:58 AM
LKP Spade, Weekly Pick - Buy GMR Infrastructure Ltd For Target Rs.48 - LKP Securities * Stock has given a bullish flag breakout on daily & weekly chart which consider to be a bullish continuation pattern by nature. * Good volume activity is witnessed during breakout. * Momentum indicator MACD also showing positive crossover. GMR Infrastructure Ltd BUY @ Rs. 42.60-43 Stop Loss Below Rs. 40.4 CB Target Rs. 48 Duration 1 Week   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at www....
LKP Spade, Weekly Pick - Buy GMR Infrastructure Ltd For Target Rs.48 - LKP Securities
LKP Spade, Weekly Pick - Buy GMR Infrastructure Ltd For Target Rs.48 - LKP Securities
Source: LKP Securities Ltd
6/12/2021 2:33:09 PM
Hold GMR Infrastructure Ltd For Target Rs.40 - ICICI Securities Airports to drive value; initiate with a HOLD GMR Infrastructure (GMRI) is one of the largest Indian airport developers and operators, with a large portfolio of assets across the energy, transport and urban infra sectors. It operates two of India’s largest airports – Delhi and Hyderabad – which handled 25-28% of all-India passenger traffic in the past decade. The airline sector is witnessing speedy recovery from the covid impact. However, we estimate the airports business...
Hold GMR Infrastructure Ltd For Target Rs.40 - ICICI Securities
Hold GMR Infrastructure Ltd For Target Rs.40 - ICICI Securities
Source: ICICI Securities
15/11/2021 12:04:01 PM
GMR Infra receives Rs 1,692 cr in 1st tranche consideration for KSEZ stake sale GMR Infrastructure Limited has announced the receipt of total First Tranche Consideration towards the sale of equity owned by its wholly owned subsidiary GMR SEZ and Port Holdings Limited (GSPHL) of its entire 51 per cent stake in Kakinada SEZ Limited (KSEZ) to Aurobindo Realty and Infrastructure Private Limited (ARIPL). As part of the said transfer of stake of KSEZ and in terms of regulatory requirements, the 74 per cent equity stake of Kakinada Gateway Port Limited ("KGPL") hel...
GMR Infra receives Rs 1,692 cr in 1st tranche consideration for KSEZ stake sale
GMR Infra receives Rs 1,692 cr in 1st tranche consideration for KSEZ stake sale
Source: IANS
13/08/2021 3:21:35 PM
Key News - NTPC Ltd, GMR Infrastucture Ltd, Power Grid Corporation of India Ltd, Tata Group, Bharat Petroleum Corp Ltd by ARETE Securities Key News NTPC's Q4 net soars 258% to Rs 4,479 cr, to pay final dividend of Rs 3.15 State-owned power giant NTPC on Saturday reported 258 per cent year-onyear increase in net profit on a standalone basis at Rs 4,479 crore for the March quarter (Q4FY21) as against Rs 1,252 crore in the same period a year earlier (Q4FY20). However, revenue from operations fell marginally (2.5 per cent) to Rs 26,566 crore as compared to Rs 27,246 crore in the year-ago period. Sequentially, net profit ro...
Key News - NTPC Ltd, GMR Infrastucture Ltd, Power Grid Corporation of India Ltd, Tata Group, Bharat Petroleum Corp Ltd by ARETE Securities
Key News - NTPC Ltd, GMR Infrastucture Ltd, Power Grid Corporation of India Ltd, Tata Group, Bharat Petroleum Corp Ltd by ARETE Securities
Source: ARETE Securities Ltd
21/06/2021 8:59:17 AM