GMR Airports Ltd: Fresh Breakout Near ₹90 with Bullish Momentum | Target ₹100+

GMR Airports Ltd has successfully broken its key resistance near ₹90, backed by strong delivery volumes and bullish momentum. With the stock trading close to its 52-week high, this breakout could pave the way for a move towards ₹100–₹103.

5/17/20251 min read

📊 Sector Overview:

  • Stock Name: GMR Airports Ltd

  • Symbol: GMRINFRA

  • Exchange: NSE

  • Sector: Infrastructure

  • Industry: Airport Services

  • Current Price: ₹91.07

  • Target Price: ₹100 – ₹103

  • Type: Breakout Stock

  • Close Within 52-Week High Zone: ✅ Yes

  • Stock Outperforming Benchmark Index (1 Week & 3 Months): ✅ Yes

  • Stock Outperforming Sectoral Index (1 Week & 3 Months): ✅ Yes

  • Momentum Score (1M 3M 6M) in Bullish Zone: ✅ Yes

  • Delivery Percentage:

    • 1 Month Average: ~55%

    • 12th may : ~66%

🔎 Why this Sector Looks Strong?

  • Strong breakout above heavy resistance of ₹90

  • This level acted as resistance since October 2024 and again in April 2025 (tested 3–4 times)

  • All-time high at ₹103 indicates headroom for 10%+ upside

  • Trading close to 52-week high — signals bullish trend continuation

  • Strong delivery data supports investor interest and accumulation

  • Positive quarterly profit growth YoY

  • Outperforming both benchmark and sectoral indices in the short and medium term

🎯 Target, Stop Loss & Time Horizon:

  • 🎯 Target Zone: ₹100 – ₹103

  • 🔒 Stop Loss: ₹85 (below breakout zone)

  • ⏳ Time Horizon:

    • Medium-Term: 2.5-3 months for ₹103

🧭 Technical Snapshot

  • Breakout Level: ₹90

  • Resistance Broken: Yes (multiple tests in April 2025)

  • All-Time High: ₹103

  • Current Price Action: Trading above breakout with good volume

  • Momentum Indicators: Bullish across 1M, 3M, and 6M