The Nifty’s short-term trend remains weak, but a smart recovery near 23,500 levels suggests a potential upside bounce. A sustained move above 23,800 levels could confirm this recovery. Immediate support is seen at 23,496 levels, according to Nagaraj Shetti of HDFC Securities, indicating possible market strength if the resistance is surpassed.
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
January 9, 2025