Fan Site: Inspired, Not Endorsed, By Rakesh Jhunjhunwala

InterGlobe Aviation is firmly poised to drive the “Towards newer heights and across new frontiers” strategy. Buy for target price of Rs 4009 (22% upside): ICICI Securities



We have been positive on InterGlobe Aviation (IndiGo) led by favourable demand-supply equation and its strong position (balance sheet, market share, management strength and orderbook). The company, in its recent analyst meet (on 22 Mar’24), reaffirmed its three principle strategic pillars: (1) Reassure (on time performance, affordable fares, courteous & hassle-free service and unparalleled network), (2) Develop (digitalisation, invest in human capital and scale infrastructure) and (3) Create (internationalisation and new initiatives which will be enablers of core business). The management reiterated its strong aviation prospect for India in the near term led by current low penetration and improvement in airport infrastructure, development of aircraft financing hub in Gift City and adequate human capital available in the country. Maintain BUY.

Click here to download InterGlobe Aviation by ISec

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Disclaimer: This is a Fan Site in Rakesh Jhunjhunwala's name. Rakesh Jhunjhunwala is not associated with us and is in no way aware, accountable or responsible for what is stated here. Further, nothing here constiutes investment advice for you to act on. Also, we have a vested interest, and are extremely biased, in everything that we say. So Mind It!