BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.ICICI Securities ReportQ2 has been impacted by higher crude price (aviation turbine fuel up 4.97% QoQ) while being seasonally weak. Additionally, the quarter's highlights include:There has been an issue of Aircraft on Ground, which will likely be partially offset by original equipment manufacturer compensations. Interglobe Aviation Ltd. added 23 aircraft in the first five months of FY24. Lower passenger load factors especially for IndiGo – while maintaining ~63.3% domestic pax share as of August 2023. QoQ rise in jet kero cracks,Forex loss from weaker Indian rupee (Indian rupee depreciated end to end from 82.04 to 83.04). Despite a weaker Q2, we stay positive on IndiGo given its steadily improving business salience in terms of competitive position (63% market share), destination expansion (started 14 new routes in Q2 FY24) and overall favorable supply-demand outlook for India.Click on the attachment to read the full report:Capital Goods Q2 Results Preview - Healthy Outlook; Margin Revival Visible: Prabhudas LilladherDISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.Users have no license to copy, modify, or distribute the content without permission of the Original Owner.