InterGlobe Aviation shares rally 3% after doubling Q4 profit. Brokerages increase target price up to Rs 5,192

InterGlobe Aviation shares rally 3% after doubling Q4 profit. Brokerages increase target price up to Rs 5,192

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

Hot Stocks: Brokerages view on M&M Finance, Mankind Pharma, HPCL, Indigo and Titan Company

Hot Stocks: Brokerages view on M&M Finance, Mankind Pharma, HPCL, Indigo and Titan Company

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

Hot Stocks: Brokerage view on ONGC, Oil India, Delhivery, Indigo, and Prestige Estate

Hot Stocks: Brokerage view on ONGC, Oil India, Delhivery, Indigo, and Prestige Estate

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