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Reliance's GRMs are currently at about $7.4 versus about $5.5 in the previous quarter. That is going to be a positive trigger. In the telecom business, the ARPU is steadily growing. InterGlobe Aviation is mirroring HDFC Bank's past. Uno Minda and Motherson Sumi show promise in the EV space. IndiGo dominates market share. Pharma sector sees growth potential.
InterGlobe Aviation, incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 136107.41 crore) operating in Airlines sector.
Prabhudas Lilladher recommended accumulate rating on InterGlobe Aviation with a target price of Rs 3961 in its research report dated March 27, 2024.
ICICI Securities is bullish on InterGlobe Aviation recommended buy rating on the stock with a target price of Rs 4009 in its research report dated March 23, 2024.
Foreign Institutional Investors (FIIs) pumped $3.63 billion into Indian equities in their biggest buying binge since December 2023. Domestic institutions continued to be net buyers, investing around Rs 52,467 crore in the market, their highest since March 2020