Jefferies and Nomura have maintained their 'Buy' ratings on IndiGo operator InterGlobe Aviation, despite rising fuel costs. Jefferies set a target price of ₹5,840, while Nomura pegged it at ₹6,000. West Asia tensions continue to pressure earnings, while higher fares may slow passenger growth. New govt rules could prioritise fare transparency and disclosures.
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IndiGo Balances Fuel Costs With Higher Ticket Prices
