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VERIFIEDET Stocks·positive
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.
- ·Nomura set a target price of Rs 6,000 for InterGlobe Aviation.
- ·Nomura believes IndiGo's low-cost model, aircraft order book, and international network will strengthen its competitive edge.