FPIs parked net $2.36 billion (₹19,841.9 crore) in the primary market, the highest monthly investment since November 2021 when they had invested $3.74 billion through this route, which consists of participation in initial public offerings (IPOs) and qualified institutional placements (QIP).
Jefferies views IndiGo as unique and strong franchise, raises target price to Rs 5,260
The IndiGo stock has underperformed following a significant miss in the company’s 2Q results, driven by higher costs impacting profitability. However, Jefferies expects cost normalization