Indigo and SpiceJet shares must surpass these key hurdles to embark on a new trend.
Leaves after three years of service in second stint; Vinay Malhotra, head of IndiGo's Global Sales, will take over from him
The company is confident that it will return to operational profitability in Q3
InterGlobe Aviation Q1: A strong revival in air passenger traffic going ahead, coupled with better cost management, and network (route) expansion may support IndiGo's profitability in the medium term
The airline will deploy 60% more capacity in FY23 than in FY22 when it had to curtail operations in April due to surge of Delta variant and in Dec-Jan due to Omicron
Jet Airways has crossed the 200-weekly moving average (WMA) for the first time since mid-2018, a period of almost 4 years, which indicates an underneath positive bias
Auto stocks too could be in limelight as the government shortlisted 75 firms under its PLI scheme for the sector.
Both, Indigo and SpiceJet had broken major key levels; For reversal to take place these stocks need to conquer near-term hurdles and show sustainability.
While new investors should benefit from the potential future growth in the company's share price, a gradual reduction of my stake should also allow me to benefit from some of the upside, GangwaL said.
Shares of Bank of Baroda can jump 15% as it claimed a new 52-week high
These companies have significant exposure to price movement of Aviation Turbine Fuel (ATF) which is a derivative of crude oil.
The GST Council will meet today to discuss possible rollback of recently hiked rates for the textile industry.
These stocks have corrected between 10-20 per cent over the last one month relative to benchmarks' 3 per cent fall. Here's a possible way forward for these stocks
Analysts expect under-performance by FMCG shares to continue
Till 10:34 AM, around 4.28 million equity shares representing 1.1 per cent of total equity of InterGlobe Aviation had changed hands on the BSE
The last week's volume in SpiceJet was higher than its previous 35 weekly sessions
IndiGo hits a lifetime high on expectations of recovery, market share gains
This would offset the recovery in volumes from the lows in May
The company could, however, increase its market share due to supply constraints
The airline is now the world's seventh biggest by capacity and the largest outside the United States and China