INDIGO

share price: Brokerage retains BUY, but cuts target price by Rs 1221

IndiGo share price target: Analysts at Elara Capital have decreased share price target for IndiGo operator InterGlobe Aviation shares by Rs 1221 from Rs 7,241, while maintaining a 'buy' stance. The revised target implies an upside of about almost 24 per cent, indicating that the brokerage continues to see value in the stock despite near-term operational challenges. According to analysts, the target price revision is primarily driven by lower capacity and earnings assumptions in the near term. However, the brokerage believes that recent disruptions do not alter IndiGo’s long-term growth story and that the overall risk–reward remains attractive. The brokerage has also lowered its valuation multiple for the airline to 10.5 times FY27 estimated EV/EBITDA from 11.5 times earlier, reflecting the recent reset in the sector and company-specific headwinds.