INDIGO

Bullish / Structural Growth Factors ✅ Dominant market share in Indian aviation (>60% domestic). ✅ Growing international footprint and premium service expansion — potential new revenue streams. ✅ Fleet expansion and future capacity boosts (long-term). ✅ Brokerages project strong EPS growth over 2025–27. Risks & Headwinds ⚠ Operational disruptions & regulatory pressure — can weigh on sentiment and near-term earnings. ⚠ Fuel price volatility, currency swings, delivery delays — common airline sector risks. ⚠ Margin impact from forex losses, higher costs seen in recent quarters. ⚠ Promoter stake sales occasionally impact sentiment.