Sky is the limit

26 Mar 2024
5 Min read 
  • The Indian aviation market has significant room for growth due to low penetration.
  •  INDIGO aims to expand its international network and enhance customer experience.
  •  Financials show growth in sales and profitability in the coming years.
  •  INDIGO faces challenges in the near to medium term and competition in the sector is expected to intensify.
  •  The stock is trading at a reasonable valuation with a neutral rating and a target price of INR3,510.
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