Indigo Shares Jump 4% After Jefferies Upgrade
Indigo Shares Surge After Market Upgrades
Interglobe Aviation, the parent company of IndiGo Airlines, witnessed a notable 4% rise in its share price, hitting ₹4,459 on August 22. This surge follows encouraging forecasts from Jefferies and HSBC, which spotlight the airline's robust growth prospects across various sectors.
Analysts' Insights on Indigo Stock
- Jefferies upgraded its rating from 'hold' to 'buy.'
- HSBC maintains a 'buy' rating for this leading airline.
- Jefferies raised the target price to ₹5,225, indicating a potential upside of 21.5%.
These analysts note that Indigo has consistently outperformed the market over the past 12-18 months. They attribute strong performance to limited industry capacity maintaining high yields and spreads. Additionally, recent supply increases have caused a revision in their spread estimates and EPS forecasts by 6-7% for FY26/27. This leads to a critical question for investors: Should you buy, sell, or hold?
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