GMR Airports shares in focus as ADP plans to sell stake worth over $1 billion

The French airport operator has agreed to sell up to a 7.3% stake in GMR Airports for an estimated €924 million ($1.08 billion).

The French airport operator has agreed to sell up to a 7.3% stake in GMR Airports for an estimated €924 million ($1.08 billion).

Before Thursday’s session, JPMorgan cut the stock to “underweight”, stating that it had risen “far above the level we feel can be justified by even the most optimistic view of underlying earnings fundamentals.”

Sensex Today | Stock Market LIVE Updates: The bulls would hope that this is already priced in, considering the stock in India is down 5.5% over the last two sessions. The big earnings for the day is Reliance Industries, which…

Majority of the 50 analysts that have coverage on Infosys, continue to have a “buy” recommendation on it after its fourth quarter performance. Shares of Infosys are down 25% so far in 2026.

Stocks in Asia declined during the open, resulting in the MSCI Asia Pacific Index slipping 0.1%.

JPMorgan has cited elevated valuations relative to emerging market peers, earnings risks, dilution concerns, and limited exposure to next-gen tech as the key factors behind the downgrade.

The deal, valued at €158 million, includes 13 established branded generic products with a presence across more than 55 countries spanning Europe, the Middle East and Africa.

Intel’s results and subsequent surge afterhours also triggered a similar upmove in its peer AMD, which also surged 7% in extended trading.

The Strait of Hormuz continues to remain closed with both sides claiming control of the narrow, crucial energy chokepoint. Trump continued to assert that US has complete control of the region and that he has instructed the US navy to…

Wall Street fell as software stocks slid and oil surged, S&P 500 and Dow lost 0.4, Nasdaq 0.9, amid Iran conflict tensions and Trumps hardening stance on the Strait of Hormuz