financetom
Business
financetom
/
Business
/
Here's why Citi downgraded IndiGo to 'Sell'
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Here's why Citi downgraded IndiGo to 'Sell'
Nov 26, 2020 3:48 AM

Citi has downgraded InterGlobe Aviation (IndiGo) to 'Sell' but raised the target price from Rs 1,300 to Rs 1,400.

IndiGo has lost a bit of market share recently. It peaked at 60 percent in July 2020 and has fallen to 55.5 percent in October. Therefore, Citi believes a lot of good news is already priced in and hence it has downgraded the stock.

Watch video for more details

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Stellantis Recalling 164,000 Jeep Vehicles in US
Market Chatter: Stellantis Recalling 164,000 Jeep Vehicles in US
Sep 17, 2025
06:13 AM EDT, 09/17/2025 (MT Newswires) -- Stellantis ( STLA ) is recalling about 164,000 Jeep vehicles in the US over door trim issues, Reuters reported Thursday, citing the the US National Highway Traffic Safety Administration. According to the report, the safety issue could cause the detachment of the trim on the driver and passenger doors. The recall covers certain...
Market Chatter: Alibaba Among Major Chinese Tech Firms Asked by Regulator to Terminate Existing Orders for Nvidia AI Chips
Market Chatter: Alibaba Among Major Chinese Tech Firms Asked by Regulator to Terminate Existing Orders for Nvidia AI Chips
Sep 17, 2025
06:13 AM EDT, 09/17/2025 (MT Newswires) -- Alibaba Group Holding ( BABA ) and ByteDance are among the major Chinese technology companies that were recently informed by the Cyberspace Administration of China to terminate their testing and orders of Nvidia's ( NVDA ) RTX Pro 6000D artificial intelligence chips, the Financial Times reported Wednesday, citing three people with knowledge of...
Form 8.3 - Dowlais Group PLC
Form 8.3 - Dowlais Group PLC
Sep 17, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Qube Research & Technologies Limited (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of...
Form 8.3 - Greencore Group PLC
Form 8.3 - Greencore Group PLC
Sep 17, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Qube Research & Technologies Limited (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved