Broker call▲ Bullish for IndiGo
Three key reasons why Interglobe Aviation share price could go to ₹6,000, as per Nomura
The brief
- Nomura sees higher fuel prices for longer as a downside risk for IndiGo
- Complete war normalization is an upside risk, with the title citing a ₹6,000 share-price possibility
- Fuel costs and geopolitical risks directly affect IndiGo’s margins and share outlook
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IndiGo fuel costs and fares
Higher aviation fuel costs are pressuring IndiGo’s margins. From October 6, it raised domestic fuel charges by ₹100–350, to ₹375–1,300, after aviation fuel costs rose 13.2%; Nomura cited prolonged high fuel prices as a downside risk.
Monday, 5 October
- Three key reasons why Interglobe Aviation share price could go to ₹6,000, as per Nomura