IndiGo shares rise 2% after Q2 losses narrow. What are Jefferies and other brokerages saying?
Jefferies and Nuvama rate stocks including a list of stocks.
· ET Stocks, Economic Times Markets
IndiGo shares gained 2% after the airline reported a narrower year-on-year Q2 loss of Rs 1,879 crore, although profitability remained under pressure from elevated fuel costs and rupee depreciation. Jefferies retained its Buy rating but cut its target price to Rs 5,650, while Nuvama maintained its Buy call with a revised target of Rs 5,435.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- Brokerage calls from Jefferies and Nuvama, with ratings on the stocks named.
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