Nomura initiates Buy on IndiGo with Rs 6,000 target price
Nomura initiated coverage on InterGlobe Aviation with a Buy rating and a target price of Rs 6,000, suggesting around 20% upside from the September 30 close.
The brokerage believes IndiGo's established low-cost model, substantial aircraft order book, and expanding international network position the airline to strengthen its competitive edge despite the current environment of elevated fuel prices.
