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Can IndiGo fly out of this perfect storm?
IndiGo’s share prices have tumbled by over 30%. Only twice in the past has IndiGo’s share price suffered a greater fall than this time. Both times, it rebounded with elan. This time, the airline faces a bigger, multi-front challenge.
40% of Nifty 50 firms faced EPS cuts amid March selloff: Check which stocks saw biggest cuts and upgrades
Indian markets experienced a sharp downturn in March, with Nifty 50 companies seeing significant EPS estimate cuts, particularly in aviation and infrastructure, due to soaring oil prices. InterGlobe Aviation faced the largest reduction. Conversely, oil & gas and metals sectors witnessed upgrades. Escalating US-Iran tensions continue to fuel investor concerns and oil price hikes.
Sensex drops 300 points, Nifty below 22,650 as Trump's threats to Iran push oil above $110/barrel
Indian stock market got off to a negative start after US President Donald Trump's increased threats towards Iran. Consequently, oil prices surged above $110 per barrel. Major companies like IndiGo, Kotak Mahindra Bank, and Reliance Industries experienced significant losses.
Retail valuations stretched; Indigo seen as long-term bet: Dipan Mehta
According to Dipan Mehta, Director, Elixir Equities, growth in organised retail is expected to moderate, with revenue expansion driven by store additions but earnings pace slowing from earlier levels. Investors may consider holding existing positions while being selective on fresh exposure. Travel-linked segments such as airlines and hotels could offer recovery potential over time. Defence stocks remain supported by policy but may see returns tied to earnings rather than re-rating, with timing of entry remaining important. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
IndiGo shares give up half of Wednesday's gains after oil jump, HSBC target cut
IndiGo said it has only partially passed on the higher fuel costs to customers in a bid to support demand.
IndiGo, Asian Paints, other crude-sensitive shares plunge up to 4% as oil soars back above $110
Crude-sensitive stocks including airlines, paint and tyre makers fell up to 4% as Brent crude surged above $110 amid escalating geopolitical tensions. Rising oil prices are expected to pressure margins and fuel costs, with analysts warning of potential impact on India’s macroeconomic indicators if elevated prices persist.
Air India, AI Express to operate 48 West Asia flights on Thursday; airlines to resume Dubai services
As countries adjust to the changing landscape, Indian airlines are taking a measured approach to reinstate flights to West Asia. Air India, Air India Express, and IndiGo are making moves to lift their Dubai services back into the skies, with Akasa Air rekindling some routes too. Meanwhile, travel to Riyadh and Mumbai is set to resume.
SpiceJet shares fall 3%, IndiGo erases morning gains after DGCA mandates 60% free seat selection
Airlines IndiGo and SpiceJet saw their share prices dip after the DGCA mandated that at least 60% of flight seats must be offered without selection charges. This passenger-friendly directive also requires airlines to seat passengers on the same PNR together and transparently display passenger rights, especially during disruptions.
Aviation minister says Rs 164-cr compensation disbursed to passengers impacted by IndiGo flight cancellations
IndiGo has provided Rs 163.92 crore in travel coupons to passengers affected by early December flight cancellations. The Civil Aviation Minister informed the Rajya Sabha about the compensation. The government is implementing measures to prevent similar incidents. IndiGo has also employed over 246 pilots and reduced its operations by 10 percent to ensure stability.
IndiGo, Adani Airports partner to offer BluChips on duty-free shopping
IndiGo's loyalty members can now earn reward points on duty-free purchases at Adani-managed airports. Travellers can pre-book duty-free items online and collect them at select airports. This collaboration enhances the value of IndiGo's BluChip program. The service is currently available at several Adani airports and plans are underway for further expansion. This initiative aims to simplify airport shopping for passengers.
SENSEX recovers over 550 pts, NIFTY50 flat in noon session; IndiGo, Union Bank among buzzing stocks - Upstox
SENSEX recovers over 550 pts, NIFTY50 flat in noon session; IndiGo, Union Bank among buzzing stocksUpstox
IndiGo shares gain after airline imposes fuel surcharge across routes; UBS sees move as positive
IndiGo has announced a fuel surcharge across all domestic and international routes amid the ongoing war in West Asia. UBS views the airline's decision to introduce the surcharge as a meaningful positive.