IndiGo shares surged 2.33% after the airline unveiled an ambitious FY30 growth roadmap. It plans to carry 118 million passengers in FY25, expand its fleet, and add 14 new destinations in FY26. The introduction of Airbus A321 XLR and aggressive international expansion strengthen its market position. IndiGo’s stock has gained nearly 52% over the past year.Read More
JM Financial has cut Suzlon Energy’s target price to Rs 71 from Rs 80, citing execution challenges and a lower valuation multiple. Despite this, the firm sees a 29% upside. Suzlon is expanding manufacturing capacity to 4.5GW but faces hurdles like land availability and project execution risks.Read More
Gautam Shah of Goldilocks Premium Research expresses confidence in select market sectors despite uncertainty in the Nifty’s direction. He highlights opportunities in financial services, metals, power, infrastructure, and real estate, suggesting substantial gains in metal stocks over the next 6 to 12 months.Read More
In FY25, sectors like media, energy, PSU banks, and realty are expected to perform poorly, while defence, financial services, and healthcare are projected to see gains. Media has witnessed a significant profit decline, while PSU banks, despite strong numbers, face challenges like NPAs. Positive views are held on metals, NBFCs, private banks, and technology for FY26.Read More
The German financial services giant is looking to partner with Jio Financial Services (JFSL) after deciding to exit its 24-year-long joint venture with the Bajaj Group. Allianz is selling its 26% stake in Bajaj Allianz General Insurance Co and Bajaj Allianz Life Insurance Co to its Indian partner for $2.8 billion, potentially in multiple tranches.Read More
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