IndiGo shares tumble 13% after slipping to Rs 987 crore loss in Q2. Should you invest?
IndiGo Share Price: InterGlobe Aviation’s IndiGo shares dropped 13% after reporting a ₹987 crore loss in Q2 FY2024, compared to a ₹189 crore profit YoY. Revenue rose 14% to ₹16,970 crore. Major reasons include aircraft groundings and high fuel costs. Analysts have adjusted target prices and ratings accordingly.
Nifty charts hint at recovery, first challenge at 24,350: Anand James
Clearly, a sell on rise approach has been visible so far, since the descent from September peak, during which there was hardly any period which witnessed higher highs. Such has been the bearish momentum during this period and all eyes are now on the 200-day SMA at 23372, which is about 3% from current levels.
Bank of Baroda shares surge nearly 5% after Q2 earnings. Should you invest?
Bank of Baroda’s stock surged 4.6% following a 23.2% increase in standalone net profit for Q2FY25. NII grew by 7.3%, and non-interest income surged by 24.2% YoY. Analysts provide varied ratings with emphasis on stable asset quality and challenges in growth projections.
ITD Cementation shares tumble nearly 8% as Adani Group looks to acquire 73% stake in co
Shares of ITD Cementation fell 7.7% after Adani Group announced plans to acquire a 73% stake for Rs 5,759 crore. An open offer will follow to buy an additional 26%. This acquisition will enhance Adani’s EPC capabilities, marking its 12th acquisition this year.
ETMarkets Smart Talk: InCred Money’s CEO Vijay Kuppa explores the role of bonds, gold, and debt funds in modern portfolios
For conservative investors, or those nearing retirement, a higher bond allocation—around 50-60%—might be necessary to preserve capital. Younger investors or those with a higher risk tolerance might limit bond exposure to 20-30%, using the rest for equities and growth-oriented assets.
Q2 results today: Airtel, Sun Pharma among 173 companies to announce earnings on Monday
Today, 173 companies will disclose their Q2 earnings, including Airtel, Sun Pharma, and Adani Power. Bharti Airtel is anticipated to post robust performance with significant net profit growth, while Sun Pharma is expected to see healthy revenue growth driven by its domestic operations and specialty sales in the US market.
ETMarkets Smart Talk: India’s next crorepati wave: Tapping into the aspirations of Bharat’s new wealth creators
But let us also not forget that we are coming on the back of a three-to-four-year very strong rally that markets have seen, and for very good reasons: India as a country and an economy pretty much held its own while most of our global peers were going through periods of volatility and uncertainty.
Hot Stocks: Brokerage view on ICICI Bank, IndiGo, Ola Electric and Bandhan Bank
Brokerage firms IIFL and Jefferies recommend buying ICICI Bank, with target prices of Rs 1,480 and Rs 1,550, respectively. CLSA maintains an outperform rating on Bandhan Bank at Rs 240. Jefferies also rates IndiGo as a buy with a target of Rs 5,100, while HSBC rates Ola Electric at Rs 110, citing service improvements despite […]
Fund Manager Talk | Short-term outlook murky, investors need stomachs of steel: Deepak Shenoy
We don’t like to predict where the Nifty will go. We hope it does well, of course. But there’s no way to predict. It’s better, in our view, to respond to what takes it up or down.
Waaree Energies shares to list on exchanges today. Here’s what GMP indicates
Today, Waaree Energies shares are set to debut on the exchanges. With a grey market premium of Rs 1225, the stock is expected to list at an 81% premium over the issue price. The Rs 4321 crore IPO saw 76 times subscription. Investors are advised to consider long-term holding due to the company’s strong fundamentals […]