Buy InterGlobe Aviation; target of Rs 4700: Emkay Global Financial
Emkay Global Financial's research report on InterGlobe AviationThe stock, despite its recent strong runup, still has legs, given that competitors Air India/Akasa’s order books have higher exposure to Boeing (737 Max, facing safety issues) which implies risk to their near-term capacity adds. Indigo, backed by a steady stream of Airbus deliveries, can gain mkt share & improve yields.
02 May 2024 | 03:27 PM