BusinessPhoto: NDTV BusinessJefferies, Nomura Maintain Buy on IndiGo Amid Fuel Cost Pressure
Jefferies and Nomura have kept their 'Buy' ratings on InterGlobe Aviation, operator of IndiGo, despite near-term profitability pressure from high fuel costs and upcoming airfare regulations. Jefferies targets Rs 5,840, Nomura Rs 6,000. Elevated fuel prices due to West Asia conflict delay earnings recovery. Proposed government airfare rules focus on fare transparency, not direct price control.
NDTV Business·




