Stock To Buy Under Rs 100: Geojit Investments has recommended buying GMR Airports shares. As per the brokerage, after an extended consolidation phase, GMR Airports shares have witnessed a trendline breakout on the daily chart, supported by buying interest near the 200-DMA zone.
Geojit said that GMR Airports shares offer a favourable risk–reward setup aligned with improving technical structure.
Stock To Buy Under Rs 100: Geojit upside momentum
According to Geojit, GMR Airports' price action indicates accumulation at lower levels, suggesting a potential shift toward a bullish bias.
Hence Geojit has recommended to buy this stock to buy under Rs 100 for the target price of Rs 119 on GMR Airports shares. The target implies an upside of more than 30 per cent the last trading price of Rs 91.
The momentum indicators are gradually improving, with the RSI trending higher toward the 55–60 zone, reflecting strengthening momentum. Additionally, MACD is showing early signs of a bullish crossover, indicating a possible transition from a corrective phase to a positive trend.
The stock is attempting to reclaim key moving averages, including the 50-DMA and 200-DMA cluster, which is crucial for trend reversal. Sustained trading above these levels would confirm strength and attract further institutional participation.
GMR Airports is a leading global airport platform company engaged in the design, construction, and operation of sustainable airports. GMR Airports was founded in 1996.
GMR Airports has a strong footprint in India and Southeast Asia. It manages airports in Delhi, Hyderabad, Goa, Bidar, and Medan. It also provides technical services to Mactan Cebu International Airport in the Philippines.
