“Maintains an 'Add' rating on IndiGo (InterGlobe Aviation) with a target price of ₹5,800 per share. Despite near-term headwinds from higher costs and geopolitical uncertainties, the brokerage views IndiGo as a high-quality aviation franchise with a dominant market position, disciplined capacity deployment, superior cost structure, and multi-year international expansion opportunity, keeping the long-term earnings outlook intact.”

JM Financial Analysis’s track record: 4 graded calls · 95% CI 5–70%