GMR Airports’ partnership with Group ADP has enhanced its capabilities in retail.
Chirag Batavia • 31 January 2022
OPEN
GMR Infrastructure Ltd (GMRINFRA)
- GMR Airports is uniquely placed in India in terms of capabilities across (1) commercial property development, (2) MRO operations for aircraft, (3) duty-free sales, (4) advertising, and (5) cargo handling.
- GMR Airports’ partnership with Groupe ADP has enhanced its capabilities in retail. It is among the select few that have constructed airports in Asia outside their home country.
- The past decade has helped GMR Airports take out regulatory dependence and build key capabilities. The next decade would see the company take out business risks and financial leverage of its existing portfolio, with 35 years of concession remaining.
- The stage is set for GMR Airports to add new concessions as it leverages the current momentum towards airport privatization in Southeast Asia.
- We initiate on GMRI (after demerger) with the sum of the parts (SoTP) based fair value (FV) of Rs48, including a 10% add-on platform value.
Note: The above is a brief note on the company, based on the inputs of the KIE research report dated 25th January 2022, which is available on their website at: https://www.kotaksecurities.com/ksweb/ResearchCall/Fundamental. Disclaimer: http://bit.ly/2n5AxIE
Looking to invest in GMR Infrastructure and other Indian stocks? Open your NRI Demat & Trading Account with Lakshit Financial
Lakshit Financial Authorized Person of Kotak Securities Limited in cash segments of BSE & NSE and NSE F&O segments with NSE. Lakshit Financial registration number: BSE CASH AP0106730124228 | NSE CASH AP029177621 | NSE F&O AP029177621.Registered Office: Lakshit Financial, ASM 7, Ashwin Sector, Mumbai Agra Highway, CIDCO, Nasik 422009, Maharashtra, India. Kotak Securities Limited. Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051. CIN: U99999MH1994PLC134051. SEBI Registration No. INZ000200137 (Member of NSE, BSE, MSE, MCX & NCDEX). Member Id: NSE-08081; BSE-673; MSE-1024; MCX-56285; NCDEX-1262. AMFI ARN 0164, PMS INP000000258 and Research Analyst INH000000586. NSDL/CDSL: IN-DP-NSDL-23-97.
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please refer the Risk Disclosure Document issued by SEBI and go through the Rights and Obligations and Do's and Dont's issued by Stock Exchanges and Depositories before trading on the Stock Exchanges .
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please refer the Risk Disclosure Document issued by SEBI and go through the Rights and Obligations and Do's and Dont's issued by Stock Exchanges and Depositories before trading on the Stock Exchanges .
NRI Product Page
DID YOU KNOW? As an NRI/OCI, you can invest in IPOs, Mutual Funds and purchase Shares, ETFs or convertible debentures of an Indian company through stock exchanges. All it takes is linking your NRO or NRE account to an active NRI Demat account in India on a repatriable or non-repatriable basis, based on your requirements. Click here to learn more about NRI 3-IN-1 Account
OPEN YOUR NRI ACCOUNT NOW!
Fill in your details and we will get in touch with you .
Contact Us
Products and services available only for
Non Resident Indian (NRI) / Overseas Citizen of India (OCI)
Note: Please note that by submitting the above mentioned details, you are authorising Lakshit Financial to call you and send promotional communication even though you may be registered under DNC.
*The above process does not apply to US/Canada clients.
Home First Finance (HOMEFIRST) Home First remains consistent on operational and financial parameters. Home First (HFFC) reported 24% earnings growth, with 19% net interest income growth in Q2FY25. Gross stage-3 ratio was flat qoq at 1.7%, stage-2 ratio declined 6 bps qoq to 1.1%. While other asset classes have reported mixed trends residential home loans, as an asset class, continues to stand tall. Home First, with 85% home loan exposure, is well-placed on the above. We expect the company to deliver 25% earnings CAGR for FY25-27E. We remain assertive with a BUY rating and FV of Rs1,360 (no change). Note: The above is a brief note on the company, based on the inputs of KIEresearch report dated 25111Oct, 2024, which is available onour website at: https://www.kotaksecurities.com/ksweb/ResearchCall/Fundamenta1. Disclaimer: http://bit.ly/2n5Ax1E https://www.kotaksecurities.oom/ksweb/research/kotak-research-reports/top-weekly-picks
