The total number of demat accounts rose by 1.65% to 185 million in December from 182 million in November – the slowest growth in percentage terms since February 2024.
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