HSBC has maintained a buy rating on InterGlobe Aviation with a target price of ₹4,940, indicating a potential upside of 21.6% from the current price of ₹4,062. Despite missing consensus estimates for Q2 FY25 due to cost pressures, InterGlobe delivered better-than-expected yields. HSBC believes the recent stock reaction has been excessive, and while yields are expected to see a low-single-digit year-over-year decline in Q3, the long-term strategic position of InterGlobe Aviation is improving, particularly as competitors face increased challenges.
Disclaimer: This information is for informational purposes only and should not be considered financial advice. Please consult with a financial advisor for any investment decisions.
