Stocks to Watch, Dec 4: From Adani Group to Swiggy, here is a list of stocks that will be in spotlight today
In its October update, GMR Airports said that it handled more than 10.7 million passengers across all airports which implies 9.2 per cent rise Y-o-Y
Here is a list of stocks that will be in the limelight for November 19 session
Telangana government has issued orders sanctioning Rs 205 crore for acquiring over 280 acres of land for the development of Mamnoor Airport at Warangal, after GMR Group which manages Hyderabad Airport issued "No Objection" certificate for operation of the aerodrome. According to the GO issued on Sunday, the Airports Authority of India (AAI) in July 2022, informed the state government that it is ready to develop Warangal Airport for A-320 type of aircraft for IFR (instrument flight rules) operations and is ready to bear the infrastructure cost, operational and maintenance of the proposed airport. A master plan has been prepared for the operation of A-320 type of aircraft for which an additional land measuring 253 acres is required from the state government of Telangana, free of cost and free from all encumbrances. The AAI also wanted the state government to take up the proposal and expedite handing over of the required land to the airports body and no objection certificate from ...
He added that he personally thinks the curative petitions were not maintainable as they did not meet the threefold requirements of bias, lack of hearing, or any other analogous grounds
Dispute dates back to 2022 when the Supreme Court upheld a Bombay High Court ruling in favour of GMR Group to operate and manage Nagpur's airport
GMR Airports is in the process of raising its stake in Delhi International Airport by acquiring the 10 per cent stake owned by Germany's Fraport
The deal comes just over a month after heavy rainfall caused the airport's roof to collapse killing one person and shutting down a busy domestic terminal
Private equity player GQG Partners has hiked its stake in GMR Airports Infrastructure to 5.17 per cent by snapping up additional shares worth over Rs 433 crore through open market transactions. GQG Partners, also a key investor in Adani Group, purchased 0.43 per cent stake in GMR Airports Infrastructure on August 23, according to a regulatory filing on Wednesday. Prior to the transactions, GQG Partners held a 4.74 per cent shareholding in the company. Through its affiliates, Fort Lauderdale-based asset management firm GQG Partners acquired an additional 0.43 per cent or over 4.52 crore shares. At the closing price of Rs 95.85 apiece on August 23, the shares are worth more than Rs 433 crore. Earlier, GQG Partners held 7.66 per cent stake in the company but due to corporate actions, the shareholding reduced below 5 per cent, as per the filing. "On August 23, 2024, the acquirer and PACs (Persons Acting in Concert) acquired further shares of the company, resulting in their shareholdin
The increase in stock price follows GMR Airports' release of its passenger traffic data for July 2024.
GMR Airports Infrastructure shares have multiplied investors' wealth in the last two years, with a sprint of 168.70 per cent during the period, as per BSE analytics
Market reactions to the US Fed meeting outcome will be evident in early trades on Thursday. Indications suggest that the current market tone will persist.
Stocks in focus ahead of Union Budget 2024: These 11 stocks across sectors are likely to be in focus in anticipation of measures to be announced by the finance minister Nirmala Sitharaman on Tuesday,
Christopher Wood, global head of equity strategy at Jefferies added GMR Airports in his kitty earlier this month by trimming stakes in two private sector lenders
The quick drop facility eliminates the need for a boarding pass or any biometric verification, reducing processing time from one minute to just 30 seconds
In upside scenario, Jefferies expects Airport traffic to growth at CAGR of 15% over FY24-FY27e and higher increase in Aero tariffs and expect EBITDA to grow by 40% CAGR over FY24-FY27e.
Jefferies said that GMR Airports is evolving from utility to a retail consumption play and is slated to benefit from the strong air traffic growth outlook
Shares of GMR Airports Infrastructure shot up 8.2 per cent at Rs 92.34 a piece on Friday's intraday trade. A combined 3.07 million shares of the company changed hands on the BSE
GMR Group and IndiGo Airlines on Thursday announced a strategic collaboration forming a digital consortium aimed at reshaping the landscape of the Indian aviation industry. A press release from GMR said the partnership brings together the diverse strengths of GMR's infrastructure expertise and IndiGo Airlines' innovative approach to air travel. The consortium will focus on deploying cutting-edge technologies to enhance operational efficiency, passenger experiences, and overall industry sustainability. While GMR Group and Indigo will be the founding partners of this industry consortium, the initiative aims to collaborate with multiple stakeholders of the aviation ecosystem to drive the key objectives of driving technological innovation, enhancing passenger services, achieving operational excellence, and embracing sustainable practices to minimize environmental impact. The key objectives of the consortium includes technological innovation, enhanced passenger services and operational .
Stocks to watch on Wednesday, January 17, 2024: HDFC Bank reported a 34 per cent jump in its standalone net profit to Rs 16,373 crore for Q3FY24, topping estimates by over 1 percentage point