Goldman Sachs has reiterated its “buy” rating on IndiGo (InterGlobe Aviation) with a target price of ₹4,800, implying a potential upside of 20.8% from the current market price of ₹3,973.
The brokerage highlighted October/November air traffic growth at 10-11% as a key positive for the airline. IndiGo’s passenger load factor (PLF) stood at 90%, significantly higher than 85.6% last year, reflecting improved operational performance.
While yields are lower year-on-year, Goldman Sachs believes that improved domestic traffic growth and higher PLFs could provide an upside to the company’s earnings guidance.
IndiGo remains a leader in the aviation sector, with robust operational metrics and potential to benefit from sustained passenger demand in the coming months.
Disclaimer: This article is for informational purposes only. Please consult a financial advisor before making any investment decisions.
