Four borrowers, Reliance Industries, Bajaj Finance, InterGlobe Aviation and REC registered to borrow $1.4 billion from the approval route with Reliance alone seeking to borrow $1 billion.
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