Shares of InterGlobe Aviation, the company that runs IndiGo, saw a rise of more than 4 percent on June 9. This happened when after the airline’s ‘Investor Day’ presentation, many brokerage firms put forward their positive outlook for it. Despite concerns over rising fuel costs and delays in aircraft deliveries, analysts remain optimistic about IndiGo’s long-term growth strategy. The special thing is that due to this boom, the company’s valuation increased by more than Rs 6800 crore by the time the stock market closed. Let us also tell you which market giants have expressed confidence in the king of the sky.
JM Financial Estimates
According to JM Financial, the ‘Investor Day’ focused more on IndiGo’s vision for FY30 rather than short-term earnings. The airline aims to transform itself from a large domestic airline to a global class aviation company. The main targets for FY2030 include carrying around 200 million passengers (up from 123 million in FY26), operating more than 3,000 flights a day (up from around 2,200 now), increasing its fleet from around 400 to over 550, and increasing the international capacity mix from the current low of 30 per cent to around 40 per cent. Doing is involved. The brokerage said that this strategy is based on IndiGo’s traditional strengths – such as cost leadership, use of similar aircraft in the fleet and disciplined completion of work. However, investors will keep an eye on how successfully the company implements its international expansion and premium service plans.
MK expressed the possibility
Management expects ASK (available seat kilometres) growth to be in single digits in FY2027 due to fleet-related limitations, while ASK growth is expected to be in the mid-teens (between 13-19%) between FY28 and FY30. Meanwhile, Emkay stressed the long-term growth prospects of the aviation sector in India, driven by economic expansion, favorable demographics and low penetration of air travel. The brokerage maintained its “Buy” rating and target price of Rs 5,200. The main reasons behind this are strong pricing power, international growth opportunities and steps like expansion of long haul flights, premium service and possible fuel hedging for international operations.
Goldman Sachs expressed confidence
According to a report by Moneycontrol, after the airline’s ‘Investor Day’, global brokerages remain largely positive about InterGlobe Aviation. He believes that despite the short-term challenges of the industry, the company’s growth prospects are strong. Goldman Sachs reiterated its “Buy” rating with a target price of Rs 5,300. He emphasized on IndiGo’s strong order book of 900 aircraft and the expectation that international capacity will become 40 per cent of the total capacity by FY 2030, which is about 30 per cent currently. According to a news report by Moneycontrol, the brokerage expects passenger yield (earnings from passengers) to remain strong, although cost pressure may remain.
These brokerage firms also gave positive rating
Jefferies has also maintained ‘buy’ rating and target price of Rs 5,380. He says that IndiGo’s focus is now more on pricing discipline and profits rather than increasing capacity. According to the Moneycontrol report, the brokerage has also emphasized on plans to increase international operations, cargo business, hedging coverage and aircraft ownership. HSBC has maintained its ‘buy’ rating with a target price of Rs 5,545. He has said that despite the high cost of fuel, there is a possibility of earnings increasing in the long run. In contrast, JP Morgan has maintained ‘neutral’ rating and target price of ₹4,610. He said capacity additions will slow in FY27 before a period of rapid expansion between FY28 and FY30, Moneycontrol reported.
Indigo’s fourth quarter results
Low-cost airline IndiGo recorded a net loss of Rs 2,536 crore in the fourth quarter of FY 2026. In the same quarter last year, the company had made a net profit of Rs 3,067 crore. Revenue from operations increased by 1 percent to Rs 22,438 crore. The country’s largest airline said capacity (measured in available seat kilometers or ASKs) rose 3.4 percent to 43.6 billion, despite disruptions due to the ongoing conflict in the Middle East. Passenger traffic declined 1.1 percent to 31.6 million and load factor fell 1.7 percentage points to 85.8 percent.
According to the report, excluding the impact of foreign currency, EBITDAR stood at Rs 6,435 crore, which was Rs 6,862 crore a year ago. EBITDAR margin fell from 31 percent to 28.7 percent. Reported EBITDAR fell significantly to Rs 2,228 crore compared to Rs 6,948 crore in the same quarter last year, while margins declined to 9.9 per cent from 31.4 per cent.
Indigo shares rose by 4 percent
On Tuesday, IndiGo shares started with an intraday low of Rs 4,380.35 per share on BSE and touched an intraday high of Rs 4,532.45 per share. When the stock market closed, the company’s shares were seen at Rs 4,537.60 with a rise of 4.04 percent.
According to Rajesh Bhosale, Equity Technical and Derivatives Analyst, Angel One, this stock has been trading in a range for the last few weeks. However, the rally on Tuesday, which saw the stock rise by more than 4 per cent, indicates better momentum. Bhosale said that the immediate resistance is around Rs 4,600, which is equal to the 89-day exponential moving average (EMA). If there is a decisive breakout above this level, the stock may break out of the recent trading range and pave the way for a rally towards Rs 4,800.
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