Saturday, August 29
As Indian aviation reels from recent (and ongoing) turbulence at IndiGo, SpiceJet has seized the moment with a major winter schedule expansion aimed at capturing pent-up demand, a statement by the airline said on December 10. According to the statement, SpiceJet said it would introduce up to 100 additional daily flights during the current winter schedule -- subject to regulatory approvals -- riding a burst of "strong and growing demand across key routes". Over the past two months, the low-cost carrier has inducted 17 aircraft into active operations, and more are on the way, the airline said. This came via a combination of damp-leased planes and the return to service of its own grounded aircraft.These addtions will give the airline "operational flexibility to deploy incremental capacity on
In a recent note, domestic brokerage firm Kotak Securities has projected a bull case target of 32,032 for the Nifty 50 index by December 2026, suggesting meaningful upside potential from current levels, highlighting a preference for BFSI, and IT sectors, among others.In the base case scenario, the brokerage has assigned a target of 29,120, underpinned by expectations of robust earnings growth and supportive macroeconomic fundamentals.In a detailed market outlook report, Shrikant Chouhan, Head of Equity Research at Kotak Securities, noted that the base case projection is derived by valuing the Nifty at 20x FY28 estimated earnings per share (EPS) of Rs 1,456, in line with the index’s 10-year average price-to-earnings ratio.The bull case scenario assumes a 10% premium to this historical ave
