Latest news with #InterGlobeAviation
News18
6 hours ago
- Business
- News18
Nifty 50 Rejig Likely: BSE, IndiGo May Enter; IndusInd Bank, Hero MotoCorp On Exit Watch
Last Updated: BSE Ltd, and InterGlobe Aviation—parent company of IndiGo—are likely contenders for inclusion in the Nifty 50 index in the upcoming review BSE Ltd, and InterGlobe Aviation—the parent company of IndiGo—are likely contenders for inclusion in the Nifty 50 index in the upcoming review, according to sources cited by CNBC-TV18. On the other hand, IndusInd Bank and Hero MotoCorp may be removed from the index due to recent underperformance and negative triggers. BSE Ltd, despite being listed only on the NSE, is reportedly eligible for inclusion as it meets the required listing and trading criteria. Its stock has surged nearly 120% from March lows, driven by robust growth in equity derivatives volumes and excitement around the anticipated IPO of NSE. Recently, BSE shares were placed under the Additional Surveillance Measure (ASM) framework due to unusual price and volume activity. IndiGo's parent, InterGlobe Aviation, has seen a 22% rise in its share price over the past six months, supported by strong passenger traffic and market leadership. Brokerage Jefferies has called it a 'unique, strong" franchise, highlighting its dominant 60% domestic market share. As of 12:50 PM, BSE shares were up over 2% at Rs 2,745, while InterGlobe Aviation gained 0.75% to Rs 5,431. IndusInd Bank has underperformed in recent months, falling 11% in six months amid governance concerns, regulatory scrutiny, and questions over derivatives exposure. The stock has also been dropped from the Sensex. At the same time, IndusInd Bank traded 0.4% lower at Rs 837, while Hero MotoCorp was down 2% at Rs 4,256 per share. The Nifty 50 index is reviewed semi-annually, based on data for the six-month periods ending January 31 and July 31. Changes, if any, are implemented in March and September. Eligibility is primarily based on average free-float market capitalisation, which considers only shares available for public trading (excluding promoter and locked-in shares). The upcoming review is expected in August, with changes taking effect in September.
Time of India
7 hours ago
- Business
- Time of India
BSE, IndiGo likely to replace IndusInd Bank, Hero MotoCorp making way in Nifty50 index
Inclusion in the Nifty 50 is typically determined by factors such as average free-float market capitalisation and liquidity thresholds. BSE Ltd and InterGlobe Aviation may soon be part of the Nifty 50 index. A reshuffle is expected in August. The revised list will likely be effective from September. IndusInd Bank and Hero MotoCorp might be removed. BSE is expected to meet all requirements. IndiGo has shown consistent market presence. BSE shares have given great returns. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of BSE Ltd and InterGlobe Aviation , the parent company of IndiGo , may be poised to join the Nifty 50 index in the upcoming reshuffle, according to a report by CNBC-TV18, citing sources familiar with the matter. IndusInd Bank and Hero MotoCorp are among the names that could potentially be removed from the benchmark index in the next review, the report changes are part of the semi-annual review of the Nifty 50 index, which is expected to take place in August, with the revised composition likely to take effect from is likely to meet all eligibility norms, including listing and trading requirements, despite being listed only on the National Stock Exchange (NSE). Inclusion in the Nifty 50 is typically determined by factors such as average free-float market capitalisation and liquidity thresholds The development, if confirmed, would mark a significant milestone for Asia's oldest stock exchange, which has seen strong performance in recent months. InterGlobe Aviation , India's largest airline operator by market share, has also demonstrated consistent market presence, potentially strengthening its case for the other hand, IndusInd Bank , which has faced challenges in maintaining growth momentum, and Hero MotoCorp , grappling with demand pressures in the two-wheeler segment, are seen as likely exclusion candidates based on the existing index the last year, shares of BSE have given a stellar 224.49% return to its investors, while those of IndiGo have surged by 26.44%.In contrast, IndusInd Bank shares have dropped 44.76% during the same period, while Hero MotoCorp has declined 21.82% over the past year.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
7 hours ago
- Business
- Economic Times
BSE, IndiGo likely to replace IndusInd Bank, Hero MotoCorp making way in Nifty50 index
Shares of BSE Ltd and InterGlobe Aviation, the parent company of IndiGo, may be poised to join the Nifty 50 index in the upcoming reshuffle, according to a report by CNBC-TV18, citing sources familiar with the matter. IndusInd Bank and Hero MotoCorp are among the names that could potentially be removed from the benchmark index in the next review, the report added. ADVERTISEMENT The changes are part of the semi-annual review of the Nifty 50 index, which is expected to take place in August, with the revised composition likely to take effect from September. BSE is likely to meet all eligibility norms, including listing and trading requirements, despite being listed only on the National Stock Exchange (NSE). Inclusion in the Nifty 50 is typically determined by factors such as average free-float market capitalisation and liquidity thresholds. The development, if confirmed, would mark a significant milestone for Asia's oldest stock exchange, which has seen strong performance in recent months. InterGlobe Aviation, India's largest airline operator by market share, has also demonstrated consistent market presence, potentially strengthening its case for inclusion. Also read: HDB Financial Services GMP at 6.3% ahead of IPO. What should investors do? On the other hand, IndusInd Bank, which has faced challenges in maintaining growth momentum, and Hero MotoCorp, grappling with demand pressures in the two-wheeler segment, are seen as likely exclusion candidates based on the existing index criteria. ADVERTISEMENT In the last year, shares of BSE have given a stellar 224.49% return to its investors, while those of IndiGo have surged by 26.44%.In contrast, IndusInd Bank shares have dropped 44.76% during the same period, while Hero MotoCorp has declined 21.82% over the past year.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Hans India
14-06-2025
- Business
- Hans India
Middle East conflict hits stocks of crude oil-sensitive firms
New Delhi: Shares of crude oil sensitive sectors — oil marketing companies, aviation, paints, adhesives and tyres — declined on Friday following a spike in global oil benchmark Brent crude prices amid escalating tensions in the Middle East. The stock of BPCL fell by 1.90 per cent, Indian Oil Corporation dropped 1.78 per cent and HPCL declined 1.41 per cent on the BSE. In intra-day trade, BPCL tanked 6.11 per cent, Hindustan Petroleum Corporation Ltd tumbled 5.34 per cent and Indian Oil Corporation dropped 3.91 per cent. Shares of InterGlobe Aviation edged lower by 3.71 per cent and those of SpiceJet dipped 1.95 per cent. During the day, SpiceJet fell 5.64 per cent and InterGlobe Aviation dropped 5.62 per cent. Global oil benchmark Brent crude jumped 8.39 per cent to USD 75.20 a barrel. 'Geopolitical tensions are heating up, and it's impacting the oil market! Israel's airstrikes on Iran have sparked fears of supply disruptions, causing crude oil prices to surge. The worry is that the situation could escalate into a full-blown regional crisis, which would have significant implications for global oil supplies,' Navneet Damani, Group Senior VP, Head Commodities Research, Motilal Oswal Financial Services Ltd, said.
Economic Times
13-06-2025
- Business
- Economic Times
IndiGo shares plunge 6% as promoter plans $1 billion stake sale
Shares of InterGlobe Aviation, which operates IndiGo, dropped nearly 6% to Rs 5,175 on Friday after reports suggested promoter InterGlobe Enterprises may sell around 4% stake via block deals. ADVERTISEMENT Sources told CNBC-TV18 that the promoter group is looking to raise about $1 billion through the sale. InterGlobe Enterprises currently holds a 35.70% stake in the company. The move follows ongoing stake reductions by co-promoter Rakesh Gangwal, who has sold shares worth Rs 40,000 crore since 2022. Gangwal now holds just 7.8% in the airline. IndiGo declined to comment on the development. 'We won't comment on the query,' the airline told of IndiGo had hit a 52-week high of Rs 5,474 earlier this week, supported by strong Q4 earnings and bullish commentary on international capacity expansion. However, Friday's slide reflects investor caution amid the overhang of large promoter offloading. Also Read: Why stock market is falling today? 4 key factors behind Sensex's 1,100-point crash, Nifty below 24,650 ADVERTISEMENT Meanwhile, investor caution also deepened after an Air India Boeing 787-8 Dreamliner crashed shortly after takeoff from Ahmedabad en route to London, killing all 241 onboard. Preliminary visuals showed the aircraft losing altitude and crashing into a residential area. The cause is under geopolitical tensions added further pressure. Israel launched strikes on Tehran, targeting nuclear and missile facilities in what it called a 'preemptive strike.' Iran confirmed the death of a top Revolutionary Guards commander, and Israel declared a state of emergency fearing retaliation. U.S. Secretary of State Marco Rubio termed the strike a "unilateral action," saying the U.S. was not involved. ADVERTISEMENT The conflict pushed Brent crude up nearly 10% intraday to $78.50 a barrel — its highest level since January — and up 12% for the week. WTI also surged over 9% to $74.47. 'This could have deep economic consequences if tensions escalate further,' said Dr. V K Vijayakumar of Geojit Financial Services. 'A retaliatory move like blocking the Strait of Hormuz could squeeze global supply and lift oil prices even higher.' ADVERTISEMENT With aviation fuel making up a significant share of airline costs, the crude spike amplified concerns over margins, adding to the sector's selloff. Also Read: SBI, Bank of Baroda among 10 banks that saw NPA decline in Q4 (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
