India’s banking and financial regulation landscape is likely to see changes. The Reserve Bank of India recently appointed a new governor. Several deputy governors, as well as heads of the Securities and Exchange Board of India and the Insurance Regulatory and Development Authority, will complete their terms in the coming months. Markets are watching these transitions closely.
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