Shares of GMR Airports, one of the world’s leading operators, can rally as much as 19% from current market levels, JM Financial said after initiating coverage on the counter, citing robust growth levers in the coming quarters ... .
In terms of sector allocation, mutual funds increased exposure to financials, information technology and the auto and auto ancillary space during the month ... .
The airport operator aims to raise around 22 billion rupees ($245 million) through the sale of bonds maturing in 15 years, the sources said, requesting anonymity as the talks are still private ....
Six midcap stocks, including HitachiEnergyIndia and GMR Airports, hit fresh 52-week highs despite a weak market, delivering up to 28% gains in just one month ... .
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