News for InterGlobe Aviation Limited (INDIGO.BO)

Stocks including TCS, Power Grid, Bharat Electronics, IndiGo, Biocon, Rail Vikas Nigam, Quess Corp, RITES, Laurus Labs and Firstsource Solutions will be in the spotlight on Friday, March 07.

Brent crude oil declined to its lowest level today since January 2021. Brent crude oil prices slipped to $69.4 per barrel.

Crude oil prices heavily influence OMCs, as crude is their main raw material. When crude prices rise, OMCs experience higher input costs, which can compress their gross refining margins (GRMs) if they cannot pass on the increased costs to consumers due to government-imposed price controls on petrol, diesel, and LPG.

Buzzing stocks, stocks to watch: BSE, Paytm, Tata Power, Religare Enterprises, Saint Cobain, UltraTech, Kesoram, Star Health & Allied Insurance, Zydus Lifesciences, GR Infraprojects, Mastek, IndusInd Bank, NGL Fine-Chem, Emcee Pharma, Godrej Properties, Adani Green Energy, IndiGo, Varun Beverages, Star Cement, Welspun One, KPI Green Energy

Citi has reiterated its 'Buy' rating on IndiGo, raising its target price to Rs 5,200, citing improved yields in Q4FY25 due to higher demand. The positive outlook is driven by strong air traffic and IndiGos market dominance. Citi also initiated a 90-day positive Catalyst Watch, further fueling optimism about the stocks performance.

Food delivery company Zomato and Jio Financial Services have made an entry into the Nifty50 index as part of the semi-annual reshuffle while Bharat Petroleum Corporation and Britannia Industries have been booted out.

The aviation major has received two GST-related penalty orders worth ₹115.86 crore, which are currently being contested.

IndiGo share price: A larger penalty of Rs 113.02 crore was imposed by the Additional Commissioner of Central Goods & Service Tax - Delhi South Commissionerate. The order claims that IndiGo incorrectly classified services provided to offshore recipients as exports, resulting in GST evasion.

Shares of SpiceJet zoomed 5.19% to Rs 51.40 against the previous close of Rs 48.86 on BSE

The renewable energy sector faced a downturn, with Adani Green Energy falling 3% to Rs 983, Premier Energies dropping 4.8% to Rs 952, NTPC Green Energy sliding 4.3% to Rs 107.35, and Suzlon Energy declining 5% to Rs 49.94. Concerns over policy shifts and tariffs continue to pressure the sector's performance.

InterGlobe Aviation (IndiGo) shares rose 1.5% despite an 18.3% drop in Q3 profit due to forex losses. Brokerages Goldman Sachs, Kotak, and UBS maintained bullish outlooks but lowered target prices. Revenue grew 14%, driven by increased capacity and passenger traffic. Operational metrics improved, though rising costs impacted profitability. IndiGo's fleet size reached 437 aircraft.

Stocks including ICICI Bank, JSW Steel, YES Bank, InterGlobe Aviation, NTPC Green Energy, Mazagon Dock, NTPC & Religare Enterprises and more will be in the spotlight on Monday, January 27.

The GIFT Nifty was trading near 23,000 in early trade Monday. InterGlobe Aviation Ltd., JSW Steel Ltd., Coal India Ltd. and Godrej Consumer Products Ltd. share prices are likely to react. The GIFT Nifty was trading 0.24% or 55.50 points down at 23,030.00 as of 6:32 a.m.

India's largest airline saw its total income for the quarter ended December 2024 surge to ₹22,992.8 crore, an increase of 14.6% over the same period last year

Indian share market is expected to open higher for the third straight session, tracking strong cues from Asian stocks and positive closing at Wall Street.

Stocks including Kotak Mahindra Bank, Dr Reddy's Labs, Adani Green, IndiGo, Indus Towers, United Spirits, Mankind Pharma and more will be in the spotlight on Friday, January 24.

An analyst from StoxBox said that Yes Bank's technical structure suggests significant weakness as it is consistently making lower lows and lower highs, indicative of a strong bearish trend.

Baron India Fund declined in the fourth quarter of 2024, outperforming its benchmark, the MSCI AC Asia ex Japan/India Linked Index. Read more here.

Eicher Motors Ltd., BSE Ltd., ABB India Ltd., Larsen & Toubro Ltd. and Titan Co. are among the companies that Jefferies expects will post strong third quarter earnings this season, amid a dim forecast for broader India Inc. Jefferies projects earnings growth for companies in its coverage, excluding oil and gas and metals, to decline by two percentage points on a sequential basis to an 18-quarter low of 8% year-on-year on a sharp slowdown in lending financial earnings.