Shares of GMR Airports Ltd. rose 2.32% to ₹90.04 on Friday, October 9, building on the previous session's gains. The stock opened at ₹88.49, touched a day high of ₹90.08, and recorded a day low of ₹88.49, maintaining a narrow intraday trading range. According to Univest data, the stock is trading above the previous close of ₹88.00 and near the day's high, with the company's market capitalisation standing at ₹96,614.63 crore, positioning it among the larger names in the infrastructure space by market value.
The current trading momentum follows a significant block deal transaction that occurred on October 9, where 9.1 crore shares changed hands at an average price of ₹89.53 apiece. The total transaction value reached approximately ₹818 crore, representing a substantial market movement for the airport infrastructure company. This block deal transaction has provided continued support to the stock's price action, with the latest trading session showing sustained investor interest in the airport management services company.
The transaction comes amid increased scrutiny of GQG Partners' investments in India, as reported by CNBC TV18. The US-based investment firm, founded by Rajiv Jain and managing assets worth more than $156 billion, has been actively reducing its Indian portfolio in 2026. According to data from Prime Database and the BSE, GQG Partners has pared stakes worth around ₹24,400 crore in Indian companies so far in 2026.
In its latest transaction, GQG Partners sold nearly 36.51 crore ITC shares worth around ₹9,395 crore through a block deal on October 8, as reported by CNBC TV18. As of June 2026, the firm held 3.12% of ITC, equivalent to 38.99 crore shares. This follows earlier divestments, with the firm having offloaded stakes worth around ₹15,000 crore across several Indian holdings since the start of 2026. According to Rediff Moneynews, GQG Partners sold 2.91% of ITC for ₹9,395.44 crore through 14 tranches at an average price of ₹257.35 per share.
According to Univest analysis, GMR Airports trades at a P/E ratio of 194.34x compared with the displayed peer median of 30.03x, indicating a significant premium valuation. The company's ROCE stands at 11.88% versus the displayed peer median of 15.98%, providing a capital-efficiency comparison. The stock's market capitalisation of ₹96,614.63 crore is much higher than the sector median and average in the benchmark set, reflecting its distinct position in the airport management services industry. Among the 5 peers shown, only 1 has a larger market capitalisation, highlighting GMR Airports' significant scale in the infrastructure sector.
