IndiGo: This aviation stock surged nearly 80% in 8 months. Is it still a ‘buy’
InCred Equities maintains ‘reduce’ rating on IndiGo due to high operating costs offsetting strong tariffs. Concerns include rising salary expenses and increased airport costs, impacting profitability. Target price raised to ₹2,400. IndiGo reported a net profit of ₹30...
Posted On 27 May 2024