The family of IndiGo co-founder Rakesh Gangwal has sold partial stake in the budget carrier through bulk deals on Wednesday. Sobha Gangwal, wife of Rakesh Gangwal, has offloaded 1.15 crore shares or 2.99% stake in the company at a weighted average price of Rs 2,426, which is about 5% discount from Monday’s close. Through the … Read more
Brokerage firm such as Morgan Stanley has an overweight rating on InterGlobe Aviation (Indigo), CLSA retained its buy rating on ICICI Lombard, Jefferies initiate a buy rating on JB Pharma, and AnandRathi has a buy rating on Gujarat Gas. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more
Interglobe Aviation’s shares gained on Friday after the company reported profit for the January-March quarter against a loss in the corresponding quarter in the year ago period. Following the Q4 show, Credit Suisse maintained an ‘Outperform’ rating on the counter while other top brokerages have a ‘Buy’ stance. The company which operates its airline under … Read more
InterGlobe Aviation, India’s largest airline operator, has been experiencing volatility in its stock prices over the past few months despite better business fundamentals and an advantage in the sector due to a revival in passenger traffic. The decision of one of its promoters, Rakesh Gangwal, to reduce stakes in the airline in the next five … Read more
Synopsis As the economy opened and operations resumed partially, fuel price and other expenses were higher than the revenue the company was generating, resulting in losses for FY21 and FY22. The latest results — for Q1FY23 — showed a significant spike in revenue, at Rs 12,855 crore, which shows an increase in demand (QoQ basis). … Read more
Global brokerage firm JPMorgan maintained its overweight rating on and Indigo, BofA Securities maintained its underperform rating on Bharat Forge, and CLSA recommended a buy on . We have collated a list of recommendations from top global brokerage firms from ETNow: JPMorgan on Hindalco: Overweight| Target Rs 565 JPMorgan maintained its overweight rating on Hindalco … Read more
The airline revealed that the 6E add-ons including Fast Forward, 6E Flex, 6E Bagport will be offered at just Rs 315 (Photo: Reuters) IndiGo, India’s largest airline, announced a three-day special sale offering all-inclusive fares on Wednesday–starting from Rs 915 on its domestic and international connections to celebrate its 15 year anniversary. The offer for … Read more