A former CIO and his sister settled a Sebi front-running case by paying ₹91 lakh and accepting a six-month market ban. Sebi’s probe uncovered ₹27.77 lakh unlawful gains from front-running trades worth ₹42.36 crore.
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