Miscellaneous
Miscellaneous
from 103 today
GMR reported subdued passenger growth of 1% YoY amidst traffic variations across its airports, but turned Q1 profitable with net revenue growing 25% YoY aided by higher non-aero income. On account of expensive valuation, we maintain HOLD with an SoTP-based revised TP of INR 99.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
