The Sebi order said 22 individuals and entities were involved in the front-running scheme. Front running is an illegal practice of purchasing a stock based on unpublished information of a large transaction that could move prices.
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