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Airline stocks soar as crude declines sharply
Shares of InterGlobe Aviation and SpiceJet advanced on Tuesday after crude oil prices slipped near the $90 per barrel mark.
Airline stocks recover: IndiGo, SpiceJet soar up to 8% on hopes of US-Iran war ending soon, fall in crude oil prices
IndiGo and SpiceJet rebound on March 10 due to a significant drop in crude oil prices and optimism about easing US-Iran tensions. The decline in oil prices raised hopes for stabilizing airline operations after recent disruptions.
SENSEX rises 400 pts, NIFTY tops 24,100 amid easing oil prices, hopes of de-escalation in West Asia; India VIX down 12%, IndiGo up 4% - Upstox
SENSEX rises 400 pts, NIFTY tops 24,100 amid easing oil prices, hopes of de-escalation in West Asia; India VIX down 12%, IndiGo up 4%Upstox
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.
Avoid OMCs; prefer defence and summer plays: Chola Securities
Dharmesh Kant, Head of Research at Chola Securities, says oil marketing companies remain largely avoidable as they are cyclical, commodity-linked businesses with limited long-term wealth creation potential, especially as renewable energy gains share. He advises selective buying in market declines, favouring defence stocks like BEL and HAL and summer-linked plays such as LG Electronics and Blue Star. Kant also sees corrections in InterGlobe Aviation as a potential long-term buying opportunity despite near-term volatility.
IndiGo Share Price Falls 8% Amid Rising Oil Prices | Stock Market Today - Samco
IndiGo Share Price Falls 8% Amid Rising Oil Prices | Stock Market TodaySamco
Asian Paints, Berger & other paint stocks fall up to 5% on oil's 29% spike amid Mideast tensions. More pain ahead?
Shares of Asian Paints, Berger Paints and Indigo Paints fell sharply on Monday after crude oil prices surged nearly 29% amid escalating Middle East tensions. Rising oil costs threaten to increase raw material expenses for paint makers, sparking concerns about margin pressure and further downside risk for the sector.
Sensex stocks: HDFC Bank, TCS, Asian Paints, IndiGo, Trent hit 52-week lows
Ambuja Cements, DLF, Dixon, Gail, Indian Hotels, Shree Cement, REC, Tata Motors PV, Wipro, Suzlon, Coforge, and Info Edge, among the BSE 100 index, also hit their respective 52-week lows amid Iran war
IndiGo share price crashes 8% on rising oil prices, declines 11% this month. Do you own?
Indigo stock opened at ₹4,150 apiece on Monday, as compared to the previous close of ₹4,404 on Friday. On March 6, the aviation stock closed around 2.41% lower, resuming its downward streak.
IndiGo shares tumble 8% on crude spike, but Kotak upgrades stock to Buy
InterGlobe Aviation shares plunged amid soaring oil prices, with Brent crude exceeding $116 a barrel due to supply disruptions. Despite the market turmoil, Kotak Institutional Equities upgraded IndiGo to Buy, arguing that investors should focus on the escalating losses of competitors rather than oil price volatility.
IndiGo shares drop 8% due to rising oil, but Kotak sees 25% upside
Currently, 27 analysts track InterGlobe Aviation. Of these, 22 have a 'Buy' rating, three recommend 'Hold', while two have a 'Sell' rating.
Gainers & Losers: Indigo, Paras Defence among 7 big movers on Wednesday
Indian markets tumbled as the Iran-Israel war escalated, dragging energy stocks lower. Nifty and Sensex fell sharply, while select stocks like Coal India and Bajaj Hindusthan Sugar bucked the trend.