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Jefferies has recommended buying GMR Airports, setting a target price of ₹100.
The company has filed a new tariff application for Delhi International Airport Limited (DIAL), which may be implemented by the fourth quarter of FY25.
Management is focused on developing an airport platform strategy, consolidating non-aero businesses, and reducing complexity.
Additionally, there is a strong emphasis on managing leverage in FY25. These strategic moves are expected to drive growth and enhance the company’s position in the airport sector.
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