Jefferies double upgrades IndiGo

Jefferies double upgrades IndiGo

Sandeep Singh

Aug 22,2024

Jefferies double upgrades IndiGo

Jefferies has upgraded InterGlobe Aviation (IndiGo) to 'buy' from 'hold' and raise its target price for the stock to Rs 5,225 from Rs 4,400. 

How Jefferies views IndiGo

IndiGo has kept surprising in the last 12-18 months, according to the brokerage. 

How Jefferies views IndiGo

The levels of spreads seen in FY24 may not repeat but should sustain at healthy levels for IndiGo, according to the brokerage. 

What is a spread?

A spread is the difference between two prices or yields over a given period of time. 

How Jefferies views IndiGo

The airline remains in the driver's seat with new avenues of growth, according to the brokerage. 

HSBC maintains 'buy' on IndiGo

The brokerage has raised its target for the stock to Rs 5,165 from Rs 5,120. 

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