Buy Interglobe Aviation, target price Rs 3320: IIFL Research

Team Stratzy -

IIFL Research has buy call on Interglobe Aviation at current market price of Rs 3249. The target price of Interglobe Aviation is Rs 3320.

About Interglobe Aviation:

InterGlobe Aviation Ltd., listed on the National Stock Exchange (NSE), is one of India's leading airlines. Established in 1994, it operates as IndiGo, a low-cost carrier. The company provides affordable and convenient air travel services across domestic and international destinations. With a fleet of over 300 aircraft, it offers a wide network of connections and serves over 100 destinations. InterGlobe Aviation is known for its strong financial performance, operational efficiency, and customer-centric approach, making it a significant player in the Indian aviation industry.

52 Week Price Trend:

The current market price (CMP) of INDIGO stands at Rs 3249, reflecting a significant premium over its 52-week high of Rs 3301.4. This premium suggests that investors are optimistic about the company's prospects, despite it trading well above its 52-week low of Rs 1810.45. This wide range between the high and low prices indicates that INDIGO's stock has experienced significant volatility in the past year, which investors should consider when making any investment decisions.

Stratzy's Analysis:

With a rating of BBB in Stratzy's MOST framework, INDIGO exhibits moderate fundamental risks. This assessment is based on the company's management effectiveness, market outlook, financial safety, and growth trend. While the company has strengths in certain areas, it also faces challenges that contribute to the overall BBB rating.

Fundamental and Technical information provided in this blog were last updated on 12 Mar, 2024

Disclaimer:The information and recommendations presented in this section, including any attached reports, are sourced from third-party providers through diverse channels. The views and opinions expressed within these materials belong solely to their respective creators. These views and opinions do not necessarily reflect the position of Stratzy Fintech Pvt Ltd. Stratzy explicitly disclaims any guarantees, express or implied, regarding the accuracy and reliability of the provided content. We strongly advise consulting with a licensed financial advisor before making any investment decisions based on this information. Remember, seeking independent financial advice is crucial.