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
The fourth quarter earnings season is in the last leg and the Street is awaiting numbers from some of the top PSU companies and other index heavyweights including Airtel and ITC. Indian Oil, ITC, IndiGo, SBI, Zomato are among a slew of companies that are set to announce their fourth quarter results. So far, results … Read more
Brokerage firm Credit Suisse maintained an outperform rating on InterGlobe Aviation. JPMorgan maintained a neutral stance on Ambuja Cements and ACC. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Credit Suisse on Indigo: Outperform | Target Rs 2450Credit Suisse maintained an outperform rating on InterGlobe Aviation with … 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
The domestic air cargo services at the Vijayawada International Airport will be soon handled by Indigo, one of the leading domestic airlines in the country. Due to various reasons including the change in certain rules following the directions of the Bureau of Civil Aviation Security, the current handler of the Common User Domestic Cargo Terminal, … Read more
Global brokerage Morgan Stanley maintained an overweight rating on M&M Financial, Goldman Sachs has upgraded to buy, CLSA retained underperform rating on , and BofA Securities remains neutral on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: M&M Finance: Overweight | Target Rs 225 Morgan Stanley … Read more
InterGlobe Aviation, part of the airline industry, has fallen by over 14 per cent from the November 2021 high but a breakout from a double bottom pattern on the weekly charts with strong volumes suggests that bulls are here to stay. Short-term traders can look to buy the stock now or on dips for a … 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
IndiGo on Friday said it will start flights between Kolkata and Jharkhand’s Deoghar from July 12. Aviation regulator DGCA had on June 29 granted aerodrome licence to the newly-built airport in Jharkhand, allowing it to handle narrow-body aircraft such as A321 and B737. The Kolkata-Deoghar flights will operate four times each week from July 12, … Read more
Turkish Airlines and IndiGo have resumed their code-share flights and partnership, opening a sale earlier this month. Under the bilateral free flow code-share, both the airlines will place its code on each other’s flights. The agreement will enable both the carriers to provide more flexibility of choice to customers on sectors between Istanbul and India, … Read more