If you want to invest in a diverse portfolio, it is important for you to know all about Cochin International Airport’s share price. It is one of the hidden gems in the unlisted market, which has become popular among investors in India in recent years. As the first greenfield international airport in India formed by a private and public collaboration for efficient management, CIAL became the fourth largest airport within a few years.
So, continue reading the blog until the end to know all about CIAL Cochin’s share price and about one of the most profitable and busiest airports in India to make investors healthy with the rapid rise in recent days, which is to continue in the future to yield high returns.
What is Cochin International Airport Ltd?
The government built most of the airports in India to enable the boarding and landing of flights safely, comfortably, and quickly. With increased air traffic, more airports are needed across many cities. Kochi, fast becoming the industrial hub of not only Kerala but India, needed an airport that was too international for its many overseas passengers; hence, over 10,000 NRIs or non-resident Indians living in more than 30 countries invested in the project Cochin International Airport Ltd (CIAL). The unique PPP or public-private-partnership model airport soon became the fourth busiest airport in India, catering to millions of domestic and international passengers. Hence, both the aeronautical and non-aeronautical revenue of CIAL skyrocketed year after year to raise its unlisted share price.
Why has CIAL Cochin’s share price been rising rapidly in recent days?
In less than a year, CIAL Cochin’s share price rose from around Rs. 200 to over Rs. 500, a 150% return to investors. Many reasons for it include the fantastic results announced by CIAL because of its unique business model, as it is India’s first PPP model airport. Also, being the first green field airport with entire power from solar energy, the profits are soaring annually. In 2024, the revenue from many sources, both aeronautical and non-autonautical means, rose to Rs. 1,158 crores and PAT or profit after tax to Rs.448 crores, after reporting a negative PAT in 2021 of – Rs. 93 crores, a rise of over Rs. 500 crores within three years. Also, with aeronautical business increasing in India, like developed countries and markets hitting all-time highs in the last year, Cochin’s international share price has risen recently.
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