Скачать или смотреть Citi Upgrades IndiGo For The First Time Since November 2020 | ET Now

Citi upgraded its rating on India’s largest airline – InterGlobe Aviation Ltd. – for the first time since November 2020. Citi has double upgraded the stock to buy from sell and hiked the target price to Rs 2,400 from Rs 1,950.
According to the brokerage, cost pressures are abating, aviation demand is strong, the pricing environment is healthy and competitive intensity in the domestic market is stabilized. With declining ATF prices and conducive forex rate trends, the cost is not a headwind. IndiGo’s international traffic has seen a sharp revival, and new destinations should boost growth further, the report added.
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