<ul><li>Citi Research has initiated coverage on GMR Airports with a 'buy' rating, setting a target price of Rs 90 based on a sum-of-the-parts valuation.</li><li>GMR Airports is well-positioned to benefit from India's projected passenger volume growth, expected at a compound annual growth rate of 8% over FY24-27.</li><li>The company's strategic assets, including the Delhi airport, give it an advantage over capacity-constrained airports like Mumbai.</li><li>Citi expects GMR Airports to turn profitable by fiscal 2026, driven by traffic growth, tariff increases, and non-aero spending.</li></ul>

GMR Airports Gets 'Buy' Rating As Citi Initiates Coverage

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