Apr 20, 2017 04:30 PM IST | Source:

Buy Interglobe Aviation; target of Rs 1210: HDFC Securities

HDFC Securities is bullish on Interglobe Aviation has recommended buy rating on the stock with a target price of Rs 1210 in its research report dated April 17, 2017.

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HDFC Securities' report on Interglobe Aviation

Indigo is India’s market leader in domestic aviation. Its cost leadership in a business with high fixed costs is a key advantage. Indian aviation is highly under penetrated and provides structural growth opportunities.


Initiate coverage with a BUY. Our TP is Rs 1,210, valuing Indigo at a 16x FY19E P/E. The impact of GST on the industry remains a key monitorable.

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