Morgan Stanley raises target for Interglobe Aviation to ₹6498
pre-market1 source ↓written by the desknot a recommendation
- following strong Q3
- ₹6,498
- in net profit
- 78% YoY decline
- net profit
- ₹550 cr
Morgan Stanley has maintained its Overweight rating on InterGlobe Aviation, raising the target price to ₹6,498 following strong Q3 results. The airline reported a 78% YoY decline in net profit to ₹550 cr, primarily due to exceptional items. Despite trimming capacity guidance for Q4, IndiGo's international expansion remains on track, supported by a robust cost structure.
Not investment advice. For informational purposes only.