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Domestic brokerage Kotak Institutional Equities has a buy rating on IndiGo with a target price of Rs 5,700. The probability of Indigo breaching margin peaks is increasing. Most challengers to IndiGo will see another year of stiff losses in FY2025.
On a sequential basis, profit after tax was down 23% QoQ from Rs 2,843 crore reported in the preceding December quarter. Meanwhile, revenues also dropped 6% compared with the third quarter period.
PNGRB ensures regulated entities\’ returns are capped at 12% by carrying out pricing revision. Unified tariff has been introduced for the CGD companies as well as GAIL to sustain pipeline entities. Gajendra Singh of PNGRB says that emphasis is on transparency, customer benefits, and competition in gas sector for fair pricing.
\”The BJP manifesto has a strong positive read-through for Indian equities,\” said Seshadri Sen, head of research at Emkay Global Financial Services. \”Railways, defence, housing mortgages, tourism, and aviation are direct beneficiaries; while textiles and pharma API are probable winners.\”
\”The BJP manifesto has a strong positive read-through for Indian equities,\” said Seshadri Sen, head of research at Emkay Global Financial Services. \”Railways, defence, housing mortgages, tourism, and aviation are direct beneficiaries; while textiles and pharma API are probable winners.\”