Emkay Global expects IndiGo to rebound, setting a target price of Rs 6,300 after recent disruptions.
Summary
Emkay Global has a BUY rating on InterGlobe Aviation (IndiGo) with a target price of Rs 6,300, anticipating a 28.6% upside. The brokerage expects operational normalcy from December 10th after recent disruptions, despite potential near-term challenges.
Key Points
- Emkay Global maintains a BUY rating on InterGlobe Aviation (IndiGo).
- Target price for IndiGo is Rs 6,300.
- Potential upside of 28.6% is expected.
- Operational disruptions caused over 4,200 cancellations.
- Normalization of operations is expected from December 10th.
Full Article
Emkay Global maintains a BUY on IndiGo-parent InterGlobe Aviation with a target of Rs 6,300, citing a potential 28.6% upside. The brokerage notes that recent operational disruptions caused over 4,200 cancellations, but expects normalization from December 10. Crew shortages, regulatory reviews, and elevated costs may weigh on near-term results, yet operational recovery could support a rebound in coming quarters.