InterGlobe Aviation (IndiGo) shares will be in focus after Jefferies reiterated a Buy rating on the stock with a target price of ₹6,300 per share, implying 18% upside from current levels.
Jefferies said that IndiGo continues to chart new horizons of growth, driven by its ongoing domestic leadership and aggressive international expansion plans.
Notably, IndiGo is set to become the first airline to commence operations at the new Navi Mumbai International Airport — giving it a first-mover advantage in a key growth market.
On the global front, Jefferies highlighted that IndiGo’s international route network is expanding across Europe, Central Asia, and Southeast Asia, positioning the airline well to tap into rising outbound demand and further diversify its revenue mix.
Jefferies remains positive on IndiGo’s growth visibility and market positioning, underpinned by strong execution and a robust fleet pipeline.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
