As the DGCA has ordered further grounding of eight of IndiGo aircraft, the share holders of Interglobe aviation seems to be concerned over the stocks.
Market expert Prakash Diwan predicts that Q4 may turn out to be a weak period for the company. There is a mid single digit decline expected in the yields in Q4.
Apart from this Diwan said that IT sectors, including TCS is expected to do well considering that IT is one of the defensive sectors. Tata sons will be selling 1.4% stake in block trade at an offer price of Rs 2,872 per share.
Watch the interview of Prakash Diwan in which he shared his readings and outlook on market and specific stocks.