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
India’s leading airline operator InterGlobe Aviation (IndiGo) is expected to post strong profit growth for the third quarter ended December, driven by improving passenger yields and increase in fare prices. Profit for the third quarter is expected to jump as much as 83% year-on-year (YoY), while revenues are seen growing 25% YoY. Airline fares witnessed … Read more
As the holiday season kicks in, the Indian equity market is not expected to see much action on Tuesday owing to the likelihood of muted response from FIIs. We spoke to analysts on how one should trade stocks that were in focus in the previous trading sessions based on derivative and technical data: Sheersham Gupta, … Read more