The Economic Times

Nomura sees IndiGo emerging stronger from fuel shock; initiates Buy with Rs 6,000 target

Nomura initiated coverage on InterGlobe Aviation with a Buy rating and a Rs 6,000 target price, implying around 20% upside from the September 30 close. It believes IndiGos low-cost model, large aircraft order book and expanding international network could strengthen its competitive edge despite elevated fuel prices.