GMR Airports shares surge over 5% on hopes of easing tensions in Middle East

Shares of GMR Airports, the operator Delhi International Airport and Hyderabad International Airport, rose as much as 5.12%, its biggest single day gain since November 18, 2025, to hit an intraday high of ₹89.11 on the National Stock Exchange (NSE) on Tuesday, March 24.

The stock came under buying interest on hopes of easing tension in Middle East after United States President Donald Trump said the United States has talked with Iran about a possible end to their war, analysts noted.

Trump said on Monday that he is postponing attacks on Iranian power plants for five days to allow talks to continue.

“I am pleased to report that the United States of America, and the country of Iran, have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East,” Trump said on Truth Social.

Last week, Trump hinted at 'winding down' war in Iran as he temporarily eased sanctions on Iranian oil shipments to stem a global supply crisis.

As per the latest reports, Iran’s new Supreme Leader, Mojtaba Khamenei, has agreed to negotiate with the United States and reach an agreement, suggesting a potential diplomatic opening amid ongoing hostilities, a report by Al Arabiya, citing Israeli media, reported.

GMR Airports witnessed selling pressure as flight to the Middle East were cancelled after United States and Israel launched an attack on Iran.

Meanwhile, Kotak Institutional Equities in a note said that GMR Airports is relatively insulated from key external risks like ongoing Middle East conflict, impending tariff outcomes for upcoming control periods of airports and potential competition from the upcoming Jewar International airport

Kotak added that stock trades at 10 times FY2030 estimated enterprise value to EBITDA.

As of 12:21 pm, GMR Airports shares traded 4.55% higher at ₹88.63, outperforming the NIFTY50 index which was up 2%.