IndiGo Block Deal: IndiGo promoters likely sell 2% stake in Rs 3,700 crore block deal; stock sheds 4%

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

IndiGo promoter Bhatia family may sell 2% for $394 million

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

indigo shares: 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

IndiGo profitability: Pieter Elbers explains what is driving up IndiGo profitability and double-digit capacity guidance for FY25

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

Hot Stocks: Brokerages view on Indigo, TechM & Yes Bank; Jefferies downgrades BSE

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

stock recommendations: Hot Stocks: Brokerages on Entero, CreditAccess, Bharti Hexacom, Interglobe and PVR

Brokerages Jefferies, Goldman Sachs and JM Financial have initiated coverage on Entero Healthcare, CreditAccess and Bharti Hexacom, respectively. Meanwhile, Axis Capital and Investec have downgraded InterGlobe Aviation. CLSA has retained a buy on PVR Inox. We have collated a list of recommendations from top brokerage firms from ETNow: Jefferies on Entero Healthcare: Buy | Target: … Read more

hdfc bank shares: Hot Stocks: Brokerage view on Indigo, HDFC Bank, Godrej Consumer and Dr Lal PathLabs

Brokerage firm Kotak Institutional Equities upgraded Dr. Lal PathLabs, Investec maintained a buy rating on Godrej Consumer, CLSA maintained an outperform rating on HDFC Bank and Jefferies upgraded InterGlobe Aviation to hold. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Kotak Institutional Equities on Dr Lal PathLabs: … Read more

stock deals: Chock-a-Block: Rs 55,000 crore mega stock deals & counting

Mumbai: The frequency and size of block deals in India are keeping pace with the recent surge in India’s equity indices as promoters, private equity majors and global investment funds execute billions of dollars of negotiated trades in public stock. So far in March, shares worth more than ₹55,000 crore – the highest ever in … Read more

stocks to buy: F&O stocks to buy today: Indigo, L&T among top 6 trading ideas for 19 March 2024

The Indian market is likely to consolidate on Tuesday tracking muted global cues. The Nifty future closed flat at 22134 levels on Monday. India VIX was up by 1.50% from 13.69 to 13.90 levels. Volatility has been hovering within a band and creating swings in the market. Positive market setup was seen in stocks like … Read more

Hot Stocks: Brokerage view on Infosys, HDFC Bank, Piramal Pharma and Indigo

Brokerage Nomura maintained a neutral rating on HDFC Bank, Kotak Mahindra Bank has a buy rating on InterGlobe Aviation, Jefferies recommended a buy on Piramal Pharma and UBS maintained a buy on Infosys. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nomura on HDFC Bank: Neutral| Target … Read more