The stock of InterGlobe Aviation, the parent company that owns IndiGo, has given stellar returns over the past few months.
Over the past year, the stock has soared 83 per cent on the BSE, while in the past six months, it has jumped 53 per cent. It hit a record high of 4,188.15 on May 3, 2024. By comparison, the benchmark S&P BSE Sensex has gained 20.4 per cent in a year, ACE Equity data shows. Given the run, analysts say the stock prices in most positives at the current levels and rule out any exceptional returns from here on. For Ambareesh Baliga, an independent market analyst, IndiGo stock is like Rahul Dravid dependable and consistent player.
"I expect IndiGo stock to be a steady performer from here on. While there are no reasons for IndiGo stock to come down, there are no reasons for this stock to move up sharply as well. There's nothing left to be discovered," Baliga said.
For the long haul
Analysts suggest long-term investors buy the stock at current levels and hold for stable returns as the airline's latest decision to add wide-body aircraft to its fleet will augment its competitive intensity in the industry.
Bu hikaye Business Standard dergisinin May 08, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin May 08, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
Using private car as cab can lead to claim rejection
Insurance companies are trying to simplify the motor insurance claims process.
India, Vietnam to gain from 'China+1': Nomura
Bets big on RIL, BEL and Exide stocks
Retail investors make bold bets in derivatives markets
Delhi, 28 May Retail investors seem to be making bold bets in derivatives markets a few days ahead of the Lok Sabha poll outcome.
Q4 showing, valuations to keep Bosch under stress
Auto component major Bosch posted a subdued performance in the March quarter leading to the selloff.
India Vix hits two-year high
Indian equity benchmarks ended with losses for the third consecutive day amid elevated volatility ahead of the Lok Sabha election results on June 4.
A quantum leap: MFs dive into quant theme
3 fund houses lead the charge with offerings in this space
Metal firms yet to deliver on hope
Though buoyant on bourses, their earnings, sales have lagged overall listed universe in past 2 yrs
High vegetable prices raise the 'heat' in election season
Food inflation has emerged as one of the main talking points of the ongoing Lok Sabha polls.
Indian firms step up for planet's health
3D PRINTING TO WATER STEWARDSHIP Climate-friendly measures include apps that help employees track and reduce their carbon footprint
Inside Delhi's ghost malls
A shadow of their former selves, these shopping centres are struggling to stay relevant