“Bullish on InterGlobe Aviation (IndiGo) with a target price of ₹6,590, implying a 22% upside. Fuel costs are expected to rise to 38% of revenue in Q1FY27 due to higher ATF prices, compared to 28.5% in the prior year. Management remains focused on expanding international footprint through new routes and code-share partnerships.”

Motilal Oswal Analysis’s track record: 6 graded calls · 95% CI 19–81%