IndiGo shares were trading more than a percent lower on May 24, a day after the airline announced that it swung to a profit in FY24 after four years of consecutive losses. After InterGlobe Aviation, IndiGo’s parent, beat on Q4 result estimates, at least two global brokerages raised their target price on the aviation stock. …
Block size increased with promoter Rakesh Gangwal now looking to sell up to 5.8% equity to raise nearly ₹6,600 crore. The floor price is said to be ₹2,925 per share, which is a 5.8% discount to Thursday’s closing price. It was earlier reported that Gangwal plans to sell up to 3.3% equity in the block …
MUMBAI – Promoter Rakesh Gangwal and entities are likely to sell a 3.3% stake in InterGlobe Aviation Ltd through block deals on Monday, according to news reports. The Gangwal family is likely to offload 1.28 crore shares for over Rs 3,700 crore, reports said. The floor price for the sale has been fixed at Rs …
Nifty 50 clocked a strong gain of about 3.5 per cent last week, scaling its fresh peaks and crossing the 21,000 mark for the first time on factors, including strong GDP growth, RBI’s upward revision in growth estimates and expectations of political stability and the continuation of policies after the Lok Sabha election 2024 post-BJP’s …
Its been a week of consolidation. The Nifty 50 index has barely moved through the week, getting stuck in a 200-point range. Thursday’s session was no different as the Nifty went back to its November 16 swing high of 19,875 but could not sustain above that level. In case the index does manage to post …