HSBC maintains buy rating for InterGlobe Aviation amid challenges
after close1 source ↓written by the desknot a recommendation
- price target
- ₹6,920 to ₹5,977
HSBC has reaffirmed its 'Buy' rating for InterGlobe Aviation, despite recent operational issues faced by IndiGo. The brokerage revised its price target from ₹6,920 to ₹5,977, citing rising costs and flight cancellations. HSBC emphasized that the airline's core fundamentals remain strong, indicating a resilient long-term outlook for investors.
Not investment advice. For informational purposes only.