Nilesh Shah emphasizes the need to present a comprehensive trade picture to President Trump, highlighting India’s openness to American tech companies, substantial spending by Indian students and tourists in the US, and the comparatively smaller trade deficit. He suggests leveraging America’s focus on China’s large trade surplus to maintain favorable tariff terms for India.
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