We expect Indigo’s near-term financial performance will be impacted by two ongoing P&W (Pratt & Whitney) issues from FY2024-26 and high crude oil prices with the latter primarily impacting the second quarter of FY2024. We cut our estimates by 10-16% largely on the back of these transient issues—P&W-powered aircraft are expected to phase out of […]
Day: December 19, 2023
Indian rupee flat amidst market uncertaintyIndian rupee flat amidst market uncertainty
The Indian rupee faced a marginal correction of 6 paise after making a positive opening and is trading at 82.71 against the US dollar during intraday on Thursday. The currency opened at 82.65 and is currently trading in the range of 82.60 to 82.85 against the US dollar. The rupee had ended the previous trading […]
Markets correct, global concerns spark selloff; Nifty below 19450Markets correct, global concerns spark selloff; Nifty below 19450
The correction continues for the second consecutive day in the market. The Nifty slipped below 19,450 and the Sensex too declined 286 points. The broader market was down more than 1%. Selling was seen across the sector, except for FMCG & IT. Most market observers believe that the withdrawal of funds as a result of […]