Rakesh Gangwal’s family trust divested a 1.3% stake in InterGlobe Aviation, IndiGo’s parent company, for ₹2,933.4 crore through bulk deals. This sale is part of a phased exit strategy initiated after Gangwal stepped down from the board in February 2022. Shares of IndiGo closed lower following the transaction, though the stock has outperformed its benchmark index year-to-date.
Polycab shares slide 17% in 3 months amid Ultravolt shock, but Jefferies sees 33% upside. What’s behind the bullish view?
Polycab shares have fallen 17% from their June peak after UltraTech entered the wires and cables segment. Jefferies retained its Buy rating and Rs 11,100
September 22, 2026