IndiGo share price: Shares of InterGlobe Aviation Ltd, IndiGo's parent, moved 0.81 per cent higher during intraday deals on Thursday to scale their all-time high of Rs 3,573.70. The stock eventually shed 0.02 per cent to settle at Rs 3,544.50.
Analysts have increased the earnings per share (EPS) estimates of InterGlobe Aviation by 5-7% for FY25 amid expectations of rising yields in the coming quarters as the airline expands market share helped by rising demand. The stock has gained nearly 10% in the past five trading sessions taking the three-month return to nearly 21%.
After an analysts meet on March 22, brokerages such as like UBS Securities, Kotak Institutional Equities and Motilal Oswal Financial Services expects strong growth for IndiGo on the back of its expansion plans as well as robust growth in the domestic air travel sector
InterGlobe Aviation share price targets: Analysts have targets in the range of Rs 3,500-4,300 on the IndiGo stock, which suggests 7-31 per cent potential upside on IndiGo stock from the prevailing level.
Jefferies raised the target price of Indigo shares to Rs 3,435 from Rs 2,500 on the back of the company s strong capacity growth guidance. In a review note, the US brokerage sees limited impact of grounding of its fleet.