Margins would, however, continue to be muted on lower studded ornament sales and discounts
Domestic volume trajectory and rising cash flows are the other triggers
Its ability to reduce debt is crucial for further gains
Near term price trajectory depends on buyback premium, Q2 show
With markets recovering, midcaps have also rebounded and in fact, have outperformed benchmark indices by a good margin in the last two months
Low occupancies, capacity restrictions and safety concerns could make it difficult to reach breakeven levels
Higher chronic sales, US market could offset some of the weakness in sales growth
There could be earnings cuts and lower target prices if the hikes don't materialise this year
The other trigger for the stock is the cost savings from lower investments in R&D and fund raising for innovation research
Enhancing digital capabilities should aid growth amid rising IT budgets
While there are multiple triggers, the recent stock surge caps near term gains
The company is operating at less than half of its pre-Covid schedule and also has much lower load factors currently
While lower costs are positive, cash burn may remain high even after resumption
Funding for its innovation subsidiary is a key trigger
Demand to improve as IT spending is expected to increase across sectors
These stocks may see better valuation, but stick to firms with good track record
Falling operating cash flows could make it difficult to meet return on equity target, say analysts
Benefits will be restricted to Rs 2 crore per exporter from Sep 1 to Dec 31, and may be discontinued from Jan 1, 2021
New product launches, better capital allocation and valuations are the other triggers
IndiGo's market share crosses 60 per cent; traffic for the sector still a fifth of pre-Covid levels