Mahindra & Mahindra’s stock rose 2.7% after launching new EVs BE 6e and XEV 9e, receiving positive brokerage reviews, with a target price of Rs 3,700 from Nuvama.
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