India's GMR Airports falls as Jefferies flags delayed tariff upside
BUZZ-India's GMR Airports falls as Jefferies flags delayed tariff upside ** Shares of India's GMR Airports GMRA.NS slip 1.5% to 98.35 rupees
** India's airport regulator approved new aeronautical tariffs for GMR's Hyderabad airport for FY27-FY31, with revised charges effective September 1
** Jefferies says new tariff framework delays recovery on large capex until assets are commissioned, shifting related tariff upside to FY30-FY31
** Brokerage says Hyderabad airport plans to expand capacity to 60 mln passengers from 34 mln, with tariff upside tied to project completion
** Separately, analysts at Macquarie say proposed caps on airport awards to a single bidder could limit incremental asset wins for operators such as GMR
** YTD stock up 6.54%
(Reporting by Surbhi Misra in Bengaluru)
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