Jefferies recommends Buy on IndiGo amid turbulence in aviation sector: Find out why – Market News
The airline sector has been in focus on the back of several factors including the aftermath of the devastating Air India crash and rising ATF prices due to unrest across West Asia. One of the key listed entities, IndiGo has seen a strong upmove in the last 5 days, up 6%. Jefferies has a Buy on IndiGo with a target of Rs 6,300 per share.
While Air India navigates post-crash regulatory hurdles and already ongoing complex merger integration, Jefferies believes that IndiGo is well-positioned to consolidate leadership especially in the high-frequency domestic and the emerging regional international routes.
Jefferies on IndiGo: Strong on-time performance
Jefferies highlighted that though IndiGo also reported some technical…
