Global brokerage firm Jefferies has reiterated its ‘buy’ rating on InterGlobe Aviation, the parent company of IndiGo, and raised its target price for the stock to Rs 5,260 from the previous target of Rs 5,100. The firm described IndiGo as a “unique, strong franchise,” emphasizing the airline’s solid market position and growth potential despite facing recent challenges.
Jefferies highlighted that IndiGo’s leadership in the Indian aviation market, coupled with its resilience, positions it well for continued success. The brokerage firm expects positive developments for the airline, particularly as it navigates the evolving landscape of the aviation industry. Jefferies’ optimistic outlook is based on IndiGo’s robust operational strategy, market dominance, and expected recovery from temporary setbacks.
IndiGo remains India’s largest airline, with an extensive network and strong brand presence. Jefferies’ updated target price reflects the growing confidence in IndiGo’s long-term prospects, especially as the airline strengthens its position in both domestic and international markets. The positive outlook is a vote of confidence in IndiGo’s continued ability to overcome challenges and maintain its leadership in India’s competitive aviation sector.
