Big news for GMR Infrastructure - AERA approves increasing UDF from April 1, 2022; Analyst suggests this for stock investors

The Airports Economic Regulatory Authority (AERA) has allowed GMR Hyderabad International Airport to gradually increase User Development Fee (UDF)on embarking domestic as well as international passengers from April 1, 2022, informed Anil Singhvi, Managing Editor at Zee Business.

The airport operator was allowed to increase UDF from the existing Rs 281 to Rs 480 for domestic passengers and Rs 393 to Rs 700 for international passengers from April 1, 2022.

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The Market Expert said that 70 percent k hike has been made for domestic passengers while for the international passengers the hike is of 78 percent.

Speaking on the share price of GMR Infra Market Analyst Kunal Saraogi said that a big breakout is seen coming in the share price of this company. The stock is currently trading around Rs 40 and it can show higher levels in the coming days.

#GMRInfra के लिए बड़ी खबर

1 अप्रैल 2022 से UDF बढ़ाने को मंजूरी, घरेलू यात्रियों के लिए UDF 281 से बढ़ाकर 480 करने को मंजूरी

अंतरराष्ट्रीय यात्रियों के लिए UDF 393 से बढ़ाकर 700 करने को मंजूरी@AnilSinghvi_ pic.twitter.com/nQpVITUZEE

— Zee Business (@ZeeBusiness) October 1, 2021

The analyst said that this level is being seen after 10 years and a level of around Rs 44-45 can be seen coming. He suggested the investors to buy the stocks at cool off and gave a target of Rs 44.

Similarly, Market Analyst Sumeet Bagadia said that the stock is ready to make a half century and suggested the investors to hold as it will show good levels in coming time.

The shares of GMR Infrastructure Ltd were trading at Rs 40.10, up 1.75 point or 4.56 percent at 12:08 pm.