Analysts have increased the earnings per share (EPS) estimates of InterGlobe Aviation by 5-7% for FY25 amid expectations of rising yields in the coming quarters as the airline expands market share helped by rising demand. The stock has gained nearly 10% in the past five trading sessions taking the three-month return to nearly 21%.
Tata Motors launches tender offer for Iveco Group; deal values company at €3.82 billion
Tata Motors has launched a €14.1-per-share cash tender offer for Iveco Group, valuing the Italian commercial vehicle maker at €3.82 billion. Backed by Iveco’s largest