Latest news with #InterGlobeAviationLtd
Business Upturn
4 days ago
- Business
- Business Upturn
Should you buy IndiGo shares? Know what brokerages think
By Aditya Bhagchandani Published on July 16, 2025, 14:09 IST Shares of InterGlobe Aviation Ltd. (IndiGo), India's largest airline, have already flown high — rising about 34% over the past year and delivering a staggering six-fold return in the last five years. But could there still be more runway ahead? According to Morgan Stanley, the answer is yes. The brokerage has reiterated its 'Overweight' rating on IndiGo shares with a price target of ₹6,502, implying a potential upside of about 10% from Tuesday's closing price. Morgan Stanley notes that IndiGo is currently trading at roughly 9x its FY27 EV/EBITDA, which is above its pre-Covid median of 8.5x, but still reasonable given the broader re-rating seen across the travel and tourism sector. The brokerage highlights several factors that could drive a further re-rating in the stock: Reduced promoter stake sale overhang Tight near-term industry supply Industry consolidating into a two-player market Potential boost from business class expansion Morgan Stanley also points to India's under-penetrated aviation market and IndiGo's bulk aircraft orders as positives, noting that its single fleet strategy keeps costs low. By 2030, it expects long-haul international flights to contribute around 7% of IndiGo's mix, offering additional margin benefits due to lower fuel burn and better cost absorption on longer routes. Importantly, the brokerage does not see much risk of regulatory intervention to cap airfares, given the government's focus on supporting the sector. Among 25 analysts tracking the stock, 21 have a 'Buy' rating, while two each recommend 'Hold' and 'Sell.' For investors looking at aviation, IndiGo continues to attract strong backing from brokerages thanks to its dominant market position, cost leadership, and growth prospects — though some caution remains given its recent sharp rally. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Indian Express
08-07-2025
- Indian Express
Bomb threat in IndiGo flight triggers panic at Mohali airport, FIR lodged under UAPA
A major security scare gripped the Shaheed Bhagat Singh International Airport when a bomb threat was discovered aboard an IndiGo flight that had just arrived from Hyderabad. The flight, numbered 6E-108, landed safely in Mohali at 11:58 am on July 5, carrying 227 individuals, including 220 passengers, five crew members, and two pilots. The threat came to light during a routine post-landing cleaning operation when housekeeping staff found a tissue paper in the aircraft washroom with a chilling message written in English claiming a bomb was in the plane. IndiGo officials immediately alerted the airport security, and the local police swung into action. A case under the Unlawful Activities (Prevention) Act (UAPA) has been registered against unidentified persons, while a full-scale investigation is now underway. According to security manager Manmohan Singh from InterGlobe Aviation Ltd, which operates IndiGo, no official comments could be provided at this stage due to the sensitivity of the matter. Police sources confirmed that the same aircraft was scheduled to operate flight 6E-2195 to Delhi after landing in Chandigarh. The suspicious note was discovered just before the turnaround, prompting immediate security protocols. A senior police officer, on condition of anonymity, said that a team may soon be dispatched to Hyderabad to probe the origin of the threat. 'Since all passengers boarded from Hyderabad, we plan to collect crucial boarding data, CCTV footage, and other relevant inputs from the Hyderabad airport,' he said. The Mohali police has formally requested the local airport authorities to provide footage to identify any suspicious activity. Investigators are working to determine whether the note was placed by someone during the Hyderabad boarding or left in the aircraft earlier.
Time of India
03-07-2025
- Business
- Time of India
IndiGo appoints former G20 Sherpa Amitabh Kant as non executive director, ET Infra
Advt By , ETInfra Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. NEW DELHI: InterGlobe Aviation Ltd, which operates India's largest airline IndiGo , has appointed former Indian Administrative Officer (IAS) Amitabh Kant as a Non-Executive Director on the Board of Directors of the company.A career bureaucrat, Kant belongs to the 1980 IAS batch of Kerala Cadre and till recently, he served as India's Sherpa to Prime Minister Narendra Modi during the G20 Presidency. He has also served as the Chief Executive Officer of NITI Aayog and the Secretary of the Department for Industrial Policy and Promotion.'IndiGo is delighted to welcome Mr. Amitabh Kant as a Board member. Mr. Kant is a distinguished personality with rich administrative experience at the national and global level. His leadership qualities developed over the years by managing and delivering successful projects of global scale will benefit IndiGo immensely, especially in its fast-paced international expansion.' said Vikram Singh Mehta, Chairman of the Board of Directors of InterGlobe Aviation.'I am delighted to join the Board of InterGlobe Aviation Ltd (IndiGo). In under two decades,IndiGo has transformed air travel in India, emerging as a global benchmark for operational excellence and customer experience. With its scale, efficiency, and international ambition, IndiGo will open up new markets for India, and transform our airports into global hubs of connectivity and commerce—driving tourism, trade, and investment, while linking people, markets, and opportunities across borders. I look forward to contributing to IndiGo's, and India's, next chapter of trade, tourism, and economic growth,' said in his bureaucratic career has been closely associated with tourism initiatives and aviation infrastructure Aviation, whose airline is undertaking massive growth both domestically and internationally, highlighted that Kant's leadership in culture and tourism, through initiatives such as Kerala's branding as 'God's Own Country' and the 'Incredible India' campaign, reflects his deep understanding of branding's multiplier effect on economic growth. Kant has also led key infrastructure projects like the expansion of Calicut Airport.
Mint
10-06-2025
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests IIFL Finance, IndiGo, ICICI Lombard shares in short term
Stock market today: Indian stock indices gave up early advances to trade flat on Tuesday, as profit-taking in financial shares counterbalanced the positive sentiment from U.S.-China trade discussions and support from central bank policies. As of 12:12 IST, the Nifty 50 was up 0.13% at 25,136 .10, while the BSE Sensex increased by 0.04% to 82,475.27. Analysts credited the gains to robust purchases in rate-sensitive sectors, particularly financial stocks, and noted that key indicators suggest potential further gains in upcoming sessions. Given the recent surge in the market, some level of profit-taking is expected. Nevertheless, significant liquidity is anticipated to encourage buying on dips, helping the market to stabilize and consolidate, according to analysts. Riyank Arora suggests three stocks in the short term - IIFL Finance Ltd, InterGlobe Aviation Ltd (IndiGo), and ICICI Lombard General Insurance Company Ltd. Check out his views on the overall market. Nifty 50 is currently trading at 25,003, registering a strong intraday gain of over 250 points. The index has now entered a narrow consolidation phase between 25,070 and 25,142, and a breakout from this zone will be crucial to determine the next directional move. Momentum indicators like RSI and MACD remain in bullish territory, reflecting continued buying interest. However, traders are advised to wait for a clear breakout above resistance or a breakdown below support before initiating aggressive positions. Buying on dips near the support zone remains a preferred strategy for positional traders. Bank Nifty is trading at 56,578, up by 817 points, showing strong positive momentum. That said, the index remains range-bound between 56,800 and 57,050. A convincing breakout from this band will confirm a fresh trending phase. The RSI continues to exhibit strength, and the MACD is nearing a bullish crossover. Until a breakout is seen, intraday traders may prefer a range-play strategy, while positional traders can accumulate on dips with a stop loss below 56,500. Riyank Arora recommends these three stocks in the short term - IIFL Finance Ltd, InterGlobe Aviation Ltd (IndiGo), and ICICI Lombard General Insurance Company Ltd. IIFL Finance share price is showing signs of breakout from its recent consolidation, supported by rising volumes and a firm price structure. The stock has formed a bullish base around ₹ 475, which now acts as a key support. A move above ₹ 490 could lead to a swift upmove toward ₹ 525. Traders can initiate fresh longs with a stop loss at ₹ 475 for short-term gains. IndiGo share price has resumed its upward trend after a brief consolidation near ₹ 5,600. The stock is trading above its key moving averages with bullish momentum intact. The RSI is holding in a positive zone, supporting the case for further upside. A sustained move above ₹ 5,700 may lead to a test of ₹ 5,800 in the near term. Ideal for short-term traders with a defined stop loss. ICICI Lombard share price is nearing a breakout above ₹ 2,025, a level that has capped its recent advances. The technical setup shows rising momentum with a bullish MACD crossover likely. Price is holding firmly above short-term averages, and a breakout could push it toward ₹ 2,100. Traders may buy with a stop loss at ₹ 1,980 for a positional move. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Insider
31-05-2025
- Business
- Business Insider
InterGlobe Aviation Ltd (INDIGO) Gets a Buy from UBS
In a report released yesterday, Pramod Kumar from UBS maintained a Buy rating on InterGlobe Aviation Ltd (INDIGO – Research Report), with a price target of INR6,450.00. The company's shares closed yesterday at INR5,330.00. Confident Investing Starts Here: Kumar covers the Consumer Cyclical sector, focusing on stocks such as Mahindra & Mahindra Ltd., Bajaj Auto Limited, and Maruti Suzuki India Limited. According to TipRanks, Kumar has an average return of -11.1% and a 60.00% success rate on recommended stocks. InterGlobe Aviation Ltd has an analyst consensus of Moderate Buy, with a price target consensus of INR5,589.17, representing a 4.86% upside. In a report released today, Jefferies also maintained a Buy rating on the stock with a INR6,300.00 price target. The company has a one-year high of INR5,665.65 and a one-year low of INR3,778.50. Currently, InterGlobe Aviation Ltd has an average volume of 35K.
