HSBC has maintained its ‘buy’ rating on InterGlobe Aviation Ltd (IndiGo) with a target price of ₹5,975, implying a potential upside of around 11.9% from the current market price (CMP) of ₹5,339.50.
The brokerage noted that the recent Pakistan airspace closure is expected to have little impact on IndiGo, as only 4% of the airline’s total capacity will be directly affected. HSBC indicated that the bigger impact could be on Air India rather than IndiGo.
Given the minimal disruption expected, HSBC remains positive on IndiGo’s prospects.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
