INSUBCONTINENT EXCLUSIVE:
year-to-date period.
One of the key triggers for the renewed interest is the possibility of the resolution of the restriction on sale of
The two promoters, Rahul Bhatia and Rakesh Gangwal, each own close to 37 per cent stake
According to analysts, the removal of such restrictions will open the doors for strategic investment in the company.
This would generate
Given its market share of close to 47.5 per cent and relatively better balance sheet than Indian peers, any favourable change regarding the
engines on Boeing aircraft to May 31 from January 31 has convinced analysts to revise their capacity addition guidance for FY20
Before the extension of the deadline, analysts had cut it to 14-15 per cent from 22-23 per cent for FY20.
Now, with the extension of the
deadline, analysts have restored their previous estimates
That is a technically important level since the stock has broken out of the four week range of ?1,277-1,415 since January 10.
The percentage
of delivery against the number of shares traded has risen to a daily average of 25.1 per cent over 14 trading sessions to January 22 against
the four-month average of 21 per cent
Also, traders on the derivatives counter have raised their outstanding positions to 39.56 lakh shares from 33.74 lakh shares on the front
month futures contract during this period
profit before depreciation (EBITDA) compared with the twoyear average of 14.2.
