InterGlobe Aviation (IndiGo) shares surged over 2% following Elara’s upgrade to a “Buy” rating, with a revised target price of ₹5,309. The brokerage highlights robust growth drivers, including major airport expansions and strategic fleet additions, fueling significant demand tailwinds.
The return of P&W aircraft by Q4FY25 is set to enhance IndiGo’s near-term competitiveness. Additionally, Indian airlines are capturing international market share, while a shift from long-haul AC train travel to air travel could double aviation traffic in the long term.
InterGlobe Aviation shares opened at ₹4,468.95, hitting a high of ₹4,489.65 and a low of ₹4,435.00 during the session. The stock remains below its 52-week high of ₹5,035.00 but significantly above its 52-week low of ₹2,819.55.
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