The Economic Times

GMR Airports shares gain 2% after JM Financial retains Buy rating; sees up to 24% upside

GMR Airports shares witnessed an uptick on Thursday after JM Financial retained its Buy rating and Rs 115 target price, citing an improved risk-reward profile despite subdued passenger traffic. The brokerage expects traffic pressure to persist through November, but sees growth improving from December as favourable base effects and resilient international traffic support recovery.