Citi has reiterated its buy rating on GMR Airports Infrastructure and raised its target price to ₹103 from ₹90, citing stronger mid-term international traffic growth prospects and potential value unlocking from its commercial land portfolio. The brokerage said resumption of flights between China and the US and IndiGo’s increasing orders for Airbus A350 aircraft are likely to drive sustained international passenger traffic growth, benefiting GMR’s airport operations.
Citi also highlighted that Delhi’s commercial land assets could see upside in valuation, adding to the company’s long-term growth profile. It expects positive momentum in the stock price to continue into CY26, supported by structural demand for air travel, improving international connectivity, and potential monetisation opportunities in commercial real estate linked to airport infrastructure.
The brokerage said GMR’s diversified portfolio and positioning in key high-traffic airports give it a strong runway for growth as global air travel normalises further.
Disclaimer: The views and recommendations made in this article are those of Citi. This article does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions.
