GO Airlines files DRHP of Rs.3,600cr IPO by Mr. Yash Gupta, Angel Broking Ltd
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Below are Quote on GO Airlines files DRHP of Rs.3,600cr IPO by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
Indigo airline is also raising ₹3,000 through a QIP (Qualified Institutional placement) as overall industry hit by the covid pandemic.
Go Air and indigo both are the low fare cost carriers in domestic industry, Indigo having a market share of 53.9% while Go Air having market share of 8.9%, Currently Airlines are operating at 80% of pre covid levels.
We have a positive outlook on the Go Airlines IPO.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
