Dipan Mehta, Director, Elixir Equities, says he always maintains that cash is strategic. If and when a correction came in the past bull markets, he never had any cash to invest. This time, he wants to play it slightly differently. Having 10-15% cash is not such a big negative when he is managing money. He … Read more
Rakesh Gangwal, co-founder of InterGlobe Aviation, is looking to sell up to $804 million in the company through a block deal, ET Now reported. The floor price for the same may be Rs 4,593 per share, which is 5.5% discount to the current market price. Gangwal, the co-founder of India’s largest carrier, had said that … Read more
India’s largest airline by market share, InterGlobe Aviation is expected to report a sharp decline in its year-on-year net profit for the three-month period ended June 30, 2024. The profit after tax (PAT) is seen in the range between Rs 2,135 crore – Rs 2,430 crore for April-June according to estimates by a couple of … Read more
Equity indices soared to new lifetime highs on Thursday, fuelled by intense buying in market heavyweights. In today’s trade, shares of YES Bank, Aster DM Healthcare, ONGC, IndiGo, Bank of Baroda among others will be in focus due to various news developments. YES BankThe Board of YES Bank will meet on June 25 to consider … Read more
After a hectic five days, domestic markets started the new week on a subdued note on Monday and ended slightly lower. In today’s trade, shares of IndiGo, Mphasis, IRB Infra, Raymond, BPCL among others will be in focus due to various news developments. IndiGo InterGlobe Enterprises, one of the promoters of IndiGo, is planning to … Read more
In the first such post-IPO stake sale by the Bhatia family, IndiGo promoters today likely sold a 2% stake in the airline for around Rs 3,700 crore in a block deal following which the stock fell around 3%. In the block window, a large deal involving 83.7 lakh shares of InterGlobe Aviation was noticed in … Read more
The Bhatia family, promoters of India’s largest airline IndiGo, is likely to to sell a 2% stake in the company on Tuesday for approximately ₹3,292.3 crore ($394 million) through a block deal, as per a term sheet reviewed by ET. This is the first time the Bhatia Family is selling their stake in InterGlobe Aviation … Read more
Brokerage Citigroup maintained a buy rating on RR Kabel, JPMorgan has an overweight stance on RIL, Axis Capital upgraded Indigo to buy and Jefferies maintained a buy rating on Tata Steel. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on RR Kabel: Buy| Target Rs 2043Citigroup … Read more
Pieter Elbers, Chief Executive Officer, InterGlobe Aviation, says IndiGo is in a unique position globally, to have more than 50 planes being delivered on a yearly basis. So, every week a new plane comes in, which helps them to address the issue of grounded aircraft. IndiGo has taken some additional damp leases, extended some existing … Read more
Global brokerage firm Jefferies downgraded BSE, Morgan Stanley maintained an overweight rating on InterGlobe Aviation and Tech Mahindra, and Kotak Securities recommended a sell on Yes Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on BSE: Hold| Target Rs 2900 Jefferies downgraded BSE to Hold … Read more
