VERIFIEDET Markets·5 Oct 2026positive

Nomura sees IndiGo emerging stronger from fuel shock; initiates Buy with Rs 6,000 target

AI Summary

·Nomura initiated coverage on InterGlobe Aviation with a Buy rating and a Rs 6,000 target price.
·This target price implies around 20% upside from the September 30 close.
·Nomura believes IndiGo's low-cost model, large aircraft order book, and expanding international network could strengthen its competitive edge despite elevated fuel prices.