International expansion to provide runway for growth

14 Dec 2023
5 Min read 
  • InterGlobe Aviation (IndiGo) plans to expand its international footprint significantly.
  •  Domestic demand for air travel in India has not peaked yet.
  •  IndiGo aims to become the third largest airline in the world.
  •  The company is facing challenges with grounded aircraft due to engine issues.
  •  Rising competition in the domestic market is a concern.
  •  Neutral rating on the stock with a target price of INR2,800.
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