IndiGo enters wide-body space by placing order for 30 Airbus A350-900 aircraftMoneycontrol • about 1 hour ago
The low-cost carrier expects deliveries to start from 2027
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Net Sales are expected to increase by 18.7 percent Y-o-Y (down 13.6 percent Q-o-Q) to Rs. 16,810.6 crore, according to Prabhudas Lilladher.
ICICI Prudential bought around 13.85 crore shares in ITC in block deals valued at Rs 12,695 crore. As many as 32 other mutual funds bought around Rs 2,991-crore shares in ITC in March
In December 2023, it surpassed United Airlines to become the sixth largest airline in the world. Data shows that Delta Air and Ryanair Holdings are the top two airlines with $30.4 billion and $26.5 billion mcap, respectively.
Moreover, a cooperation agreement between the two airlines will enable both carriers to provide customers with more options and flexibility for seamless travel between Malaysia and India, IndiGo said in a statement.
ICICI Securities is bullish on InterGlobe Aviation recommended buy rating on the stock with a target price of Rs 4009 in its research report dated March 23, 2024.
Prabhudas Lilladher recommended accumulate rating on InterGlobe Aviation with a target price of Rs 3961 in its research report dated March 27, 2024.
The country's largest airline with a domestic market share of little over 60 per cent is also betting big on A321 XLR aircraft that are expected to be part of its fleet "somewhere in 2025", to further expand its overseas presence.
Motilal Oswal recommended Neutral rating on InterGlobe Aviation with a target price of Rs 3510 in its research report dated March 25, 2024.
After an analysts' meet on March 22, brokerages such as like UBS Securities, Kotak Institutional Equities and Motilal Oswal Financial Services expects strong growth for IndiGo on the back of its expansion plans as well as robust growth in the domestic air travel sector