Airlines currently face a challenging time ahead on account of record high ATF prices, which are likely to increase further on the back of Russia-Ukraine conflict, says an analyst
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.
Stock analysts said Gangwal's announcement will keep the company's stock price under pressure
'It is my intention to gradually reduce my stake in InterGlobe over the next 5 plus years,' says Gangwal
Oil prices climbed towards their highest levels in more than seven years on Monday on fears that a possible invasion of Ukraine by Russia could trigger sanctions (on the latter) from US and Europe
On the volume front, 1.56 lakh shares were traded on BSE and 44.81 lakh on NSE
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However, rising crude oil prices could offset top line growth and impact margins
Analysts expect under-performance by FMCG shares to continue
Indian Energy Exchange and Apollo Pipes have announced their respective record dates for the issuance of bonus shares for eligible shareholders
UBS Principal Capital Asia Ltd on Friday sold shares of InterGlobe Aviation Ltd worth over Rs 900 crore, through open market transaction.
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 BSE Sensex has now shed 5 per cent (2,938 points) from its recent peak of 62,245. The Nifty has declined 3.8 per cent (677 points) in the last two weeks.
Fuel expenses in the quarter soared 207.8 per cent.
Financials led by PSU banks, realty, metal and FMCG shares where the major losers in trade. All NSE sectoral indices ended with losses of more than a per cent
Analysts expect losses for the industry to narrow sequentially supported by higher scale of operations
SpiceJet seems to be in a trading range, while Container Corporation of India is holding above its key support level
Sources said order had mandated relief in terms of shareholders' agreement, which gives greater control to co-promoter Rahul Bhatia and puts restrictions on transferring shares