Businesses and thereby sectors which fit in this criteria right now are certain sub-pockets of consumption, particularly in terms of organised value retailing, certain consumer discretionary space and food delivery, quick commerce.
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