The Indian market closed in the red for the fourth consecutive day in a row on Friday. The S&P BSE Sensex fell more than 1000 points while the Nifty50 closed below 24,900 levels
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