Jefferies Keeps Their Buy Rating on InterGlobe Aviation Ltd (INDIGO)
Confident Investing Starts Here:
InterGlobe Aviation Ltd has an analyst consensus of Moderate Buy, with a price target consensus of INR5,589.17, which is a 1.44% upside from current levels. In a report released on May 22, J.P. Morgan also maintained a Buy rating on the stock with a INR5,835.00 price target.
The company has a one-year high of INR5,665.65 and a one-year low of INR3,778.50. Currently, InterGlobe Aviation Ltd has an average volume of 25.08K.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
USA Today
39 minutes ago
- USA Today
Trump trade deal with EU leaves Europe relieved − and worried
The Europe trade deal will see the U.S. impose a 15% import tariff on most EU goods − half the threatened rate but much more than Europeans hoped for. BRUSSELS − European governments and companies reacted with both relief and concern on Monday to the framework trade deal struck with President Donald Trump, acknowledging what was seen as an unbalanced deal but one that avoided a deeper trade war. The agreement, announced on July 27 between two economies that account for almost a third of global trade, will see the U.S. impose a 15% import tariff on most EU goods − half the threatened rate but much more than what Europeans hoped for. Many of the specifics of the deal were not immediately known, however. More: Trump and EU reach trade deal ahead of looming deadline "As we await full details of the new EU–U.S. trade agreement, one thing is clear: this is a moment of relief but not of celebration," Belgian Prime Minister Bart De Wever wrote on X. "Tariffs will increase in several areas and some key questions remain unresolved." Trump said the deal, including an investment pledge topping the $550 billion deal signed with Japan last week, would expand ties between the trans-Atlantic powers after years of what he called unfair treatment of U.S. exporters. It will bring clarity for European makers of cars, planes and chemicals. But the EU had initially hoped for a zero-for-zero tariff deal. And the 15% baseline tariff, while an improvement on the threatened rate of 30%, compares to an average U.S. import tariff rate of around 2.5% last year before Trump's return to the White House. More: Trump considers 'rebates' to US taxpayers from tariff income European Commission chief Von der Leyen, describing Trump as a tough negotiator, told reporters on July 27 that it was "the best we could get." European stocks opened up on July 28, with the STOXX 600 at a four-month high and all other major bourses also in the green. Tech and healthcare stocks led the way. More: TACO or tariffs? Trump's big trade deadline is coming. Here's what to expect "The 15% rate is better than the market was fearing," said Jefferies economist Mohit Kumar. German Chancellor Friedrich Merz welcomed the deal, saying it averted a trade conflict that would have hit Germany's export-driven economy and its large auto sector hard. Not the end of the story French government ministers said on July 28 that the deal had some merits − such as exemptions they hoped to see for some key French business sectors such as spirits − but was nevertheless not balanced. Industry minister Marc Ferracci stressed more talks - potentially lasting weeks or months - would be needed before the deal could be formally concluded. "This is not the end of the story," he told RTL radio. European companies, meanwhile, were left wondering whether to cheer or lament the accord. "Those who expect a hurricane are grateful for a storm," said Wolfgang Große Entrup, head of the German Chemical Industry Association VCI. "Further escalation has been avoided. Nevertheless, the price is high for both sides. European exports are losing competitiveness. U.S. customers are paying the tariffs," he said. Stellantis shares were up 3.5% and car parts maker Valeo jumped 4.7% while German pharma group Merck KGaA rose 2.9%, in a sign of relief for those sectors. Among the many questions that remain to be answered, however, is how the EU's promise to invest hundreds of billions of dollars in the U.S. and steeply increase energy purchases can be turned into reality. It was not immediately clear if specific pledges of increased investments were made or whether the details still must be hammered out. And while the EU pledged to make $750 billion in strategic purchases over the next three years, including oil, liquefied natural gas (LNG) and nuclear fuel, the U.S. will struggle to produce enough to meet that demand. While U.S. LNG production capacity is due to almost double over the next four years it will still not be enough to ramp up supplies to Europe, and oil production is expected to be lower than previously forecast this year. Despite the lingering unknowns, analysts stressed the deal still helped decrease uncertainty. Oil prices rose on Monday, as did the euro. "Now that there is more clarity, you would think that not only in the United States, but around the globe, there will be a little bit more willingness to look at investment, to look at expansions, and to look at where the opportunities are," said Rodrigo Catril, senior currency strategist at National Australia Bank.
Yahoo
5 hours ago
- Yahoo
Jefferies Raises PT on Darling Ingredients (DAR) Stock
Darling Ingredients Inc. (NYSE:DAR) is one of the Best Mid Cap FMCG Stocks to Buy Now. Jefferies lifted the price target on the company's stock to $46 from $45, while keeping a 'Buy' rating, as reported by The Fly. As per the firm, Street estimates for Q2 2025 are high, and it anticipates them to trend lower. However, it also sees upside to the estimates for H2 and remains constructive, with macro conditions beginning to improve, opines the firm analyst. Amidst the broader challenges witnessed by the biofuel industry during H1 2025, Darling Ingredients Inc. (NYSE:DAR)'s core business performed well, leading to the overall positive cash flow and showcasing stability in a volatile business environment. A selection of pet food ingredients being prepared in a kitchen for quality and safety testing. Darling Ingredients Inc. (NYSE:DAR) highlighted that the positive narrative related to renewable fuels public policy appears to be encouraging, which has been fueling strong market demand for domestic fats. The company expects its core business to continue to perform well, generating cash and allowing it to continue to de-lever the balance sheet and opportunistically repurchase shares. The net cash provided by operating activities amounted to $248.9 million. Darling Ingredients Inc. (NYSE:DAR) has announced that it has signed a non-binding term sheet with Tessenderlo Group to combine the collagen and gelatin segments of their companies in a new company named Nextida™. The partnership focuses on creating a top-tier, collagen-based health, wellness, and nutrition products company positioned to capitalize on global collagen growth. Riverwater Partners, an investment management company, released its Q4 2024 investor letter. Here is what the fund said: 'Darling Ingredients Inc. (NYSE:DAR) is a global leader in the production of sustainable ingredients derived from animal by-products, food waste, and other organic residuals. The company operates in three segments: Feed, Food, and Fuel. It has significant exposure to renewable energy through its Diamond Green Diesel JV with Valero Energy Corporation (VLO), which produces renewable diesel and sustainable aviation fuel. This business should start to see a significant ramp in 2025. Darling's vertically integrated operations support the circular economy, focusing on reducing waste and creating value-added products like biofuels, collagen, and specialty food ingredients. Darling trades for 11x Wall Street's 2025 earnings estimate.' Darling Ingredients Inc. (NYSE:DAR) supports the FMCG industries as it supplies critical raw materials utilised in food, cosmetics, and household products. While we acknowledge the potential of DAR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
9 hours ago
- Business Upturn
TCS shares fall nearly 2% as company announces workforce reduction amid demand and skills realignment
Shares of Tata Consultancy Services Ltd (TCS) slipped nearly 2% to ₹3,094.30 on Monday, following the company's announcement of a planned 2% reduction in its global workforce over the course of the year. The stock was down from its previous close of ₹3,135.80, as investors digested the implications of the move, particularly in the context of slowing demand and evolving business priorities. The company stated that the layoffs would primarily impact employees in the middle and senior management levels and emphasized that the decision was driven not by cost pressures or AI disruption, but by a misalignment of current skills with deployment feasibility. CEO K Krithivasan clarified that TCS continues to invest in acquiring and training high-quality talent and that the workforce reshaping is part of its transition toward becoming a 'future-ready organisation.' The announcement comes amid a broader trend of declining headcount across the Indian IT sector following the post-pandemic hiring surge. TCS has already seen a reduction of 2,249 employees, while rivals Infosys and Wipro have reported even steeper cuts of over 12,000 and 25,000 respectively. Brokerages were cautious in their reaction. Citi reiterated its 'sell' rating on TCS with a target price of ₹3,135, suggesting that the workforce cut could be attributed to multiple factors such as margin pressures, skill gaps, productivity challenges, and softening demand. It flagged concerns over near-term margin and cash flow performance. Jefferies warned that the downsizing could lead to execution challenges in the short term and potentially drive higher attrition over time. The brokerage highlighted that with deal wins increasingly linked to cost optimisation and AI-driven productivity, companies failing to gain market share may be forced to rationalise headcount. Jefferies remains selective in its IT coverage, preferring names like Infosys, HCLTech, Coforge, and Mphasis. Despite the cautious commentary, a majority of analysts continue to have a positive long-term view on TCS. Of the 51 analysts tracking the stock, 32 maintain a 'buy' rating, 15 recommend 'hold', and only four advise 'sell.' The market reaction reflects immediate concerns about the broader IT sector's growth trajectory, even as companies like TCS try to future-proof their talent and optimise their operations in a shifting technological and economic landscape. Ahmedabad Plane Crash
