EMA Partners India plans to launch an IPO worth up to Rs 100 crore, making it the first executive search firm to be listed in the country. Proceeds will be used for leadership team augmentation, IT infrastructure upgrades, debt repayment, and potential acquisitions. EMA’s net worth is Rs 70 crore with a significant profit increase as of March 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