Insightful Investment: IIFL Securities's Buy Call on Interglobe Aviation, Target ₹ 3420

IIFL Securities has buy call on Interglobe Aviation with a target price of Rs 3420. The current market price of Interglobe Aviation is Rs 3330.8

About Interglobe Aviation:

Interglobe Aviation Limited, operating as IndiGo, is an Indian low-cost airline headquartered in Gurugram, Haryana. It operates more than 1,500 flights daily to 76 destinations, including 58 domestic and 18 international destinations. IndiGo is the largest airline in India by passenger market share, with a market share of over 50%. The company is listed on the National Stock Exchange of India (NSE) and has a market capitalization of over $10 billion.

52 Week Price Trend:

At its current market price of Rs 3330.8, InterGlobe Aviation (IndiGo) trades near its 52-week high of Rs 3301.4. This indicates that the stock has been performing strongly in terms of price appreciation. However, its 52-week low of Rs 1810.45 highlights the significant volatility that the stock has experienced over the past year. Investors should consider these factors, along with the company's financial performance and industry trends, before making investment decisions.

Stratzy's MOST Analysis:

Indigo Airlines, as assessed by Stratzy's MOST framework, exhibits moderate fundamental risk, earning a BBB rating. This rating is attributed to its balanced performance across the four pillars of management, outlook, safety, and trend. Indigo's management has a strong track record, the outlook for the aviation industry is generally positive, while safety standards are consistently met.  However, the airline's financial position and growth prospects have been impacted by external factors, which is reflected in the reduced overall score.

Fundamental and Technical information provided in this blog were last updated on 19 Mar, 2024

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