Following the sale of a 5.83% stake by promoter Rakesh Gangwal, global indices have increased IndiGo’s weightage, predicting notable inflows. After the sell-off, Gangwal’s stake in IndiGo decreased significantly. The airline is expanding operations and introducing business class seats by November and wide-body planes by 2027.
Positive Breakout: These 6 stocks cross above their 200 DMAs
200 DMA: Rs 585.82| LTP: Rs 609.85