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The Economic Times

Business

Somanjali Das

Beyond the runway: Emkay sees up to 25% upside in GMR Airports

GMR GMR Airports Emkay Emkay Global Somanjali Das SEBI

Emkay Global has initiated coverage on GMR Airports with a Buy rating and a target price of Rs 120, implying 25% upside from the current price of Rs 96. The brokerage sees scope for further value creation as GMR expands into higher-margin businesses beyond its core regulated aviation revenues.

GMR Airports is India’s largest private airport operator by passenger traffic, with a 27.3% market share in FY26. Its portfolio comprises nine airport assets, including six in India.

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