So, just from a risk-reward perspective and from a cycle perspective, we like pure financials or pure lending institutions more than some of these other intermediaries at this point of time.
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