Indigo can be bought at these levels or on dips: Dipan Mehta

Investment expert Dipan Mehta has advised investors to stick with Indigo, despite the company’s ongoing struggles with Pratt & Whitney, and even if the stock appears expensive or negatively affected by crude prices. Mehta argued that while investing in aviation is risky, Indigo’s position is strong and its strategy well-tested. While he would avoid metal , Mehta recommends investing in midcap stocks with a breakout business strategy that could return three to five times their value in the next two to three years.