IndiGo: Short-term pain, long-term gain

DOMESTIC NETWORK ANCHORS OPERATIONS

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INTERGLOBE AVIATION, the parent company of IndiGo, is positioning itself to capitalise on India's emergence as one of the fastest-growing aviation markets globally.

Rising long-haul travel demand, expanding international connectivity and a steady increase in outbound tourism are reshaping the country's airline industry, and the Gurugram-based airline company is moving decisively to secure a larger share of this opportunity. The brokerage has reiterated a 'Buy' rating with a target price of ₹6,300 apiece, valuing the company at nine times estimated Ebitda for FY28. This suggests a price-to-earnings multiple of 26 times.