GAGA Share Market News

[hfe_template id='11223'] [ad_1] The shares of InterGlobe Aviation-owned IndiGo have zoomed 7.9% in just 2 days to hit their new all-time high of Rs 5,187 on the BSE after the airline company shared its ambitious roadmap for FY30. IndiGo, in its investor presentation, shared that it anticipates carrying 118 million passengers in FY25, with early double-digit growth projected for FY26. The airline also aims to expand its network by adding 14 new destinations in FY26, further enhancing its domestic and international reach. Further, IndiGo's expansion into key markets across Asia and Europe may strengthen its global presence. A significant milestone in its fleet strategy is the introduction of Airbus A321 XLR aircraft, with deliveries scheduled to begin in FY26, enabling more efficient operations on long-haul international routes. IndiGo anticipates receiving more than one aircraft per week in FY26 and aims for early double-digit capacity growth, further strengthening i...

[hfe_template id='11223'] [ad_1] Independent market expert Hemang Jani remains bullish on InterGlobe Aviation-owned IndiGo over SpiceJet amid the limited options in the listed aviation space. In a recent ET Now interaction, Jani reaffirmed his preference for InterGlobe over competitors like SpiceJet, citing operational transparency and growth visibility as key factors. Jani pointed out that while SpiceJet has shown promise, its prolonged struggles in demonstrating operational performance and lack of transparency in sharing key data remain concerning. "It is taking far too long to show any kind of operational performance, and what is concerning is the lack of transparency in sharing the key operational data," he noted. While the last quarter benefited from events like the Kumbh Mela and general activity, he believes investor enthusiasm will remain muted. According to Jani, InterGlobe has been the best play in the aviation sector, with a strong growth trajectory....

[hfe_template id='11223'] [ad_1] IRFC Share Price 153.2 10:50 AM | 4 Nov 2024 -4.92(-3.11%) Suzlon Energy Share Price 65.49 10:50 AM | 4 Nov 2024 -2.66(-3.89%) IREDA Share Price 204.5 10:50 AM | 4 Nov 2024 -7.48(-3.53%) Tata Motors Share Price 821.5 10:50 AM | 4 Nov 2024 -21.96(-2.61%) YES Bank Share Price 20.43 10:50 AM | 4 Nov 2024 -0.29(-1.36%) HDFC Bank Share Price 1737.0 10:50 AM | 4 Nov 2024 -0.3(-0.02%) NHPC Share Price 82.31 10:50 AM | 4 Nov 2024 -1.82(-2.17%) RVNL Share Price 454.35 10:50 AM | 4 Nov 2024 -16.6(-3.53%) SBI Share Price 809.65 10:50 AM | 4 Nov 2024 -11.56(-1.41%) Tata Power Share Price 429.8 10:50 AM | 4 Nov 2024 -15.65(-3.52%) Tata Steel Share Price 146.23 10:50 AM | 4 Nov 2024 -3.53(-2.36%) Adani Power Share Price 587.8 10:50 AM | 4 Nov 2024 -9.56(-1.6%) PayTM Share Price 755.15 10:50 AM | 4 Nov 2024 -6.71(-0.88%) PNB Share Price 100.03 10:50 AM | 4 Nov 2024 -0.96(-0.95%) Zomato Share Price 242.64 10:50 AM | 4 Nov 2024 -6.36(-2.56%) BEL Share Pri...

[hfe_template id='11223'] [ad_1] Rakesh Gangwal family trust The Chinkerpoo on Thursday sold just over 2 crore shares in IndiGo through a large bulk deal worth just over Rs 8400 crore. Rakesh Gangwal, through his family Trust 'The Chinkerpoo' executed the deal at Rs 4,715 apiece. Meanwhile, Morgan Stanley picked up 28.54 lakh shares in the company under the deal. Gangwal, the co-founder of India’s largest carrier, had stated his intention to gradually reduce his holdings after stepping down from the board in February 2022. Shobha Gangwal has since completely exited the airline. For the quarter ended June 2024, Rakesh Gangwal held approximately 6% of the company’s equity, while his family trust, The Chinkerpoo Family Trust, held a 13.49% stake. In August 2023, Shobha Gangwal sold a 4% stake in the company through the open market for about Rs 2,944 crore.Gangwal is likely capitalizing on the stock's near-record highs, driven by a rapidly growing retail investor...