Nomura sees IndiGo emerging stronger from fuel shock; initiates Buy with Rs 6,000 target – FinSiddhi
Business News

Nomura sees IndiGo emerging stronger from fuel shock; initiates Buy with Rs 6,000 target

The Economic Times

Nomura initiated coverage on InterGlobe Aviation with a Buy rating and a Rs 6,000 target price, implying around 20% upside from the September 30 close. It believes IndiGo’s low-cost model, large aircraft order book and expanding international network could strengthen its competitive edge despite elevated fuel prices.
Read more at The Economic Times

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.

Related Posts

55 million-year-old penguin fossils reveal hidden chemical clues about Antarctica before the continent became frozen

Ancient penguin remains discovered on Seymour Island are shedding light on the climatic transformations of Antarctica. Researchers employed micro-XRF scanning to analyze the chemical makeup of these fossils. High levels of titanium suggest significant weathering during the warmer Eocene epoch, while more recent fossils display diminished titanium readings, reflecting the continent’s cooling trend. These bones…

‘Wanted to marry each other’: How Delhi man, his girlfriend plotted wife’s murder

A husband and his alleged girlfriend were arrested for murdering his wife in Delhi last month. Their illicit relationship emerged as the primary motive behind the brutal killing. Extensive CCTV footage analysis across multiple states led to their apprehension. The husband allegedly conspired with his girlfriend to commit the murder. Further investigation is ongoing to…