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SENSEX drops over 700 points, NIFTY50 opens under 24,000 on weak global cues; IndiGo, Eternal among top losers - Upstox
SENSEX drops over 700 points, NIFTY50 opens under 24,000 on weak global cues; IndiGo, Eternal among top losersUpstox
IndiGo may see near-term pressure; Eternal upside limited: Dharmesh Kant
Dharmesh Kant, Head Research at Chola Securities, outlined a mixed sector view. He expects a temporary impact on InterGlobe Aviation due to fuel costs but sees structural strength supporting recovery. On Eternal, he flagged execution risks in expansion and margin assumptions despite near-term valuation support. In defence, he prefers Mazagon Dock Shipbuilders over Garden Reach Shipbuilders & Engineers, citing a strong order pipeline and potential gains from a large submarine contract. 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.
Iran war impact on travel: How Jefferies is tweaking its hotel, airline stock portfolio
Jefferies has turned cautious on India’s travel sector as the Iran–Middle East war hurts international traffic, lifts fuel costs and weakens foreign tourist arrivals. It trims earnings for airlines, hotels and travel-tech names, while maintaining BUY ratings on GMR Airports, IndiGo and key hotel stocks.
SENSEX slides over 700 points, NIFTY50 opens at 22,838, amid mixed global cues; IndiGo, Max Health down 2% - Upstox
SENSEX slides over 700 points, NIFTY50 opens at 22,838, amid mixed global cues; IndiGo, Max Health down 2%Upstox
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.
Oil tops $100 amid Iran-Israel tensions; Asian Paints, IndiGo and other crude-sensitive stocks fall up to 4%
Crude oil prices surged past $100 per barrel due to escalating Middle East tensions. This development impacted shares of paint, tyre, and airline companies, with significant drops observed. Iran's actions, including attacks on tankers and fuel facilities, have heightened concerns about regional security and oil supply.
Pieter Elbers fails the India test
Pieter Elbers was a much sought-after global executive who played a key role in developing Dutch carrier KLM and Schiphol as an international connector, and was popular among employees. Former CEO Ronojoy Dutta's tenure ended early because IndiGo risked losing the race to hire Elbers to a Middle Eastern carrier.
Should You Buy IndiGo After CEO Peter Elbers' Exit? Here's What Brokerages Are Saying
Pieter Elbers is leaving the airline due to 'personal reasons' months after a massive operational crisis. Brokerages are now weighing in on IndiGo's future as co-founder Rahul Bhatia takes interim charge.
Stocks to watch: IndiGo, Reliance Industries, Adani Enterprises among 10 shares in focus on Wednesday
Stock market today: The Indian stock market is expected to open lower on Wednesday, tracking mixed global cues amid caution surrounding the US-Iran conflict.
Stocks in news: Nazara Technologies, IndiGo, Hindustan Zinc, NTPC Green, RIL
Indian markets saw a strong rebound on Tuesday, recovering some losses. Global cues improved and crude oil price worries eased. Several companies are in focus today. Nazara Technologies saw a significant block deal. IndiGo's CEO stepped down. RIL is boosting LPG production. Vedanta calls for unlocking domestic resources. NTPC Green Energy added new solar capacity.
Stock Picks Today: Indigo, Maruti Suzuki, Shriram Finance, Nykaa And More On Brokerages' Radar
Picture used for representational purpose only.
Stocks in news: IndiGo, RIL, Torrent Power, ideaForge, NTPC Green
Indian markets experienced a sharp sell-off, extending the downtrend amid global concerns and geopolitical tensions. Nifty faces immediate support at 23,500, with resistance expected around 24,000-24,300. IndiGo flights faced airspace issues, while Reliance Retail acquired 'Pahadi Local'. Torrent Power raised Rs 2,000 crore via NCDs, and ideaForge began drone training for NATO personnel.