Kotak Institutional Equities reaffirms 'BUY ... and strategic management of forex risks, even in the face of challenges like rising forex rates. IndiGo has outperformed its competitors by ...
17don MSN
InterGlobe Aviation (IndiGo) shares rose 1.5% despite an 18.3% drop in Q3 profit due to forex losses. Brokerages Goldman Sachs, Kotak, and UBS maintained bullish outlooks but lowered target prices.
as highlighted by analysts at Kotak Institutional Equities. Analysts warn that this prolonged tug-of-war between FIIs and DIIs could potentially strain the balance of payments, erode forex ...
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