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InterGlobe Aviation – Indigo (30-10-2024)
I believe there are many unspoken aspects in the results. When examining the global aviation industry, it becomes clear that most major players are currently facing capacity constraints. My general observation is that Boeing is in a state of meltdown, while Airbus is struggling to keep up with orders. IndiGo has unfortunately become a victim of the latter. Additionally, there is an ongoing engine crisis.
Due to inconsistent supply from Airbus, IndiGo has been impacted significantly. They have been compelled to retain older aircraft and extend leases, as well as enter into short-term agreements with SmartLynx, which has provided them with less efficient fuel-consuming planes. This situation has coincided with rising fuel prices.
I anticipate that this pain will persist for some time, as there are no short-term solutions available—everyone in the industry is facing similar challenges. I expect expenses to remain elevated for several more quarters. Furthermore, with the introduction of new aircraft models that IndiGo is not accustomed to—such as those featuring business class, loyalty programs, and ovens—it will be very interesting to observe how this unfolds.
I notice many individuals here analyzing the company using Excel metrics. I would encourage you to revisit the fundamentals of the airline business.
Aggregate demand continues to grow, E-way bills hit record surge (30-10-2024)
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The Reserve Bank has recently come up with an update on semi-annual survey of representatives from industry associations, including several industry bodies, credit rating agencies and banks. It noted that consumption of non-durable goods showed buoyancy as growth in rural consumption outpaced urban consumption, particularly in the non-food category. Consumer durables registered double digit volume growth, with spending in small towns on premium/ feature-rich segments recording a rise. The upcoming festival season is expected to boost demand for consumer products.
AAP targets PM Modi over Ayushman Bharat, calls for nationwide adoption of Delhi model (30-10-2024)
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Sky Gold secures major clients, raises ₹270 crore through QIP (30-10-2024)
Sky Gold Limited announces the addition of CaratLane and P N Gadgil Jewellers to its client portfolio
Adani Enterprises share price gains 5% on strong September quarter results (30-10-2024)
The management said record-breaking performance has been led by ANIL and Adani Airport Holdings Ltd (AAHL) with their rapid growth in capacity additions and asset utilization.
Himatsingka Seide approves QIP (30-10-2024)
Aggregating to Rs.400 crores
Elcid Investments: The microcap stock which paid dividend 7 times its share price (30-10-2024)
In FY24, the company gave a dividend of Rs 25 in FY24, which translates into an industry best dividend yield of over 708%. Dividend yield is calculated by dividing annual dividend per share with the share price.