IndiGo Shares Climb Over 1% as Jefferies Reaffirms Buy Rating with 20% Upside

Shares of

e Aviation, the parent company of IndiGo Airlines, rose over 1 per cent to ₹5,329 in early trading on the National Stock Exchange (NSE) on Monday. The uptick follows Jefferies' reaffirmation of its 'buy' rating, citing robust growth prospects driven by IndiGo’s expanding international segment. Jefferies set a target price of ₹6,300 per share, indicating a nearly 20 per cent upside from the previous close of ₹5,262. The brokerage emphasized IndiGo’s focus on cost leadership, timely fleet expansion, and strategic route network growth, particularly in international markets. New fleet inductions and broader geographic reach are expected to fuel the airline’s performance amid India’s consolidating aviation sector.