Latest Updates Around The World
The recent flight disruptions at InterGlobe Aviation may have diverted attention from long-term stock underperformance, but investor sentiment remains negative. A fresh decline of 9% in the last five sessions has further deepened the decline in Indigo shares. Technical indicators place the stock firmly in weak territory, prompting one analyst to issue a “Sell” call […]
Shares of InterGlobe Aviation (IndiGo) are expected to remain in focus on Thursday, December 4, after the Directorate General of Civil Aviation (DGCA) on Wednesday opened an investigation into the airline’s widespread operational disruptions. The regulator has sought an explanation for the large-scale service disruption and asked IndiGo to submit a mitigation plan to curb […]
Markets hit new record highs — 26,325.80 on the Nifty and 86,159 on the Sensex — on Friday before giving up gains to close marginally lower as weakness in pharma and financial stocks outweighed support from the auto and IT sectors. The Nifty settled at 26,175.75, down 27.20 points (0.10%), while the Sensex fell 64.77 […]
The parent company of India’s largest airline, InterGlobe Aviation, operator of the IndiGo airline, will replace Tata Motors Passenger Vehicles in the 30-share Sensex benchmark opening on Monday, December 22. The stock market index manager, BSE Index Services, announced the changes on Saturday as part of a broad overhaul of its flagship and satellite indices.Along […]
According to market expert Neeraj Dewan, the Indian stock market may be entering the next phase of growth as several sectors – from PSU banks and telecom to value retail and cement – show renewed strength.Speaking to ET Now, Dewan said that while the frontline indices are near their 52-week highs, the broader market could […]
InterGlobe Aviation will report its September quarter results on Tuesday, November 4, with the IndiGo operator expected to report mixed second-quarter performance as seasonal weakness could weigh on the company’s profitability. Estimates from four brokers put profits in a broader range, while expecting revenue to grow between 4% and 13%. The topline range is between […]
Global brokerage firm Morgan Stanley has made significant changes to the India Equity Strategy’s focus list for the Asia Pacific region, adding Reliance Industries Ltd (RIL) and Mukesh Ambani-owned Varun Beverages Ltd (VBL) to the list. In addition, the brokerage firm also said that it has removed Interglobe Aviation (IndiGo) and Jubilant Foodworks from its […]
