GMR Airports shares rise 2% as JM Financial retains Buy rating

GMR Airports shares rose around 2% to ₹94.23 after JM Financial retained its Buy rating and ₹115 target, implying an upside of up to 24%. The brokerage expects passenger traffic to remain weak through November 2026, partly due to West Asia tensions, but sees growth improving from December as favourable base effects and resilient international traffic support recovery.