Shares of InterGlobe Aviation Ltd (Indigo) have remained largely stagnant over the past month, slipping 0.75% to ₹5,654, as investors weigh mixed brokerage views on the airline stock.
Citi has reiterated its ‘Buy’ rating on Indigo with a target price of ₹7,100 per share, implying an upside potential of nearly 25% from current levels. The global brokerage remains optimistic about Indigo’s strong market leadership, fleet expansion strategy, and healthy passenger load factors, expecting these factors to drive earnings growth in the coming quarters.
However, Investec has maintained a ‘Sell’ call on the stock, slashing its target to ₹4,050 per share, citing valuation concerns and potential yield pressures amid rising competition and fuel cost volatility. The firm highlighted that the airline’s near-term margins could remain under pressure despite robust travel demand.
In contrast, Citi’s bullish stance reflects confidence in Indigo’s cost efficiency and long-term fleet renewal strategy, which it believes will enhance profitability once macro headwinds stabilize.
This divergence in views underscores a split among analysts — with one global brokerage projecting strong upside and another urging caution — leaving investors to decide whether Indigo’s next flight path points upward or downward.
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