IndiGo Block Deal: Rakesh Gangwal and Chinkerpoo Family Trust to sell 1.47 crore shares via block deal tomorrow
Shares of IndiGo (Interglobe Aviation) will be in focus tomorrow on the back of a large block deal, media reports suggest.
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Shares of IndiGo (Interglobe Aviation) will be in focus tomorrow on the back of a large block deal, media reports suggest.
Shares of InterGlobe Aviation, the parent company of IndiGo, surged on Thursday after HSBC maintained its 'buy' rating and raised its target price to Rs 5,165 per share.
Jefferies has upgraded InterGlobe Aviation Limited (IndiGo) to a "Buy" rating from its previous "Hold," raising its target price to ₹5,225 from ₹4,400. This revised target represents a potential 21% upside from the closing price today of ₹4,299 on the NSE.
Brokerage firm Nuvama upgrades target price for IndiGo shares and expects another 8% upside in the stock price from current levels.
Among these routes are direct flights connecting Ahmedabad to Rajkot and Aurangabad, as well as Bhopal to Lucknow, and Indore to Varanasi.
This incident isn't the first time IndiGo has faced scrutiny over cleanliness concerns. In October 2022, the airline encountered a similar situation when a passenger reported spotting a cockroach inside a flight from Patna to Delhi, prompting them to take remedial action.
IndiGo (Interglobe Aviatiob) stock has hit its all-time high today, delivering returns of over 55% in the last one year.
IndiGo’s Q3 net profit surged 111% on a YoY basis at Rs 2,998 crore against a net profit of Rs 1,423 crore posted in the same period last year
Top stocks to watch today are SBI, Tata Motors, UPL, Paytm, Zee Entertainment, Bank of India, IndiGo.
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