Indian aviation stocks declined sharply on Friday, June 13, amid twin shocks of a fatal Air India crash and a spike in global crude oil prices driven by escalating Middle East tensions. Shares of InterGlobe Aviation (IndiGo) dropped nearly 6% to Rs 5,175, while SpiceJet fell 5.5% to Rs 42.16 on the BSE. Air India … Read more
Crude-sensitive stocks, including oil marketers, paint, tyre manufacturers, and airlines, fell on Monday, January 13, as Brent oil prices surged past $81 per barrel. The rise follows expectations that new U.S. sanctions on Russia will impact crude supplies to China and India. Oil prices reached their highest level in over three months, driven by concerns … Read more
Shares of InterGlobe Aviation, which operates IndiGo Airlines, rose nearly 3% in Friday’s trade on BSE to its new 52-week high of Rs 4,520 after the company’s PAT more than doubled to Rs 1,895 crore in Q4. Revenue from operations increased 26% year-on-year (YoY) to Rs 17,825 crore in the reporting quarter while the airline’s … Read more
Brokerage firm Morgan Stanley maintained an equal-weight rating on M&M Finance, Macquarie had an outperform rating on Mankind Pharma, Jefferies retained an underperform rating on HPCL, Morgan Stanley had a buy call on Indigo and HSBC maintained a buy on Titan Company.We have collated a list of recommendations from top brokerage firms from ETNow and … Read more
Brokerage house Morgan Stanley is positive on ONGC, and Oil India, while Macquarie has an outperform rating on Delhivery. Axis Capital upgraded Indigo to buy, and Jefferies maintained a buy rating on Prestige Estate. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Energy stocks: … Read more