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    IndiGo: Strong recovery still far behind

    Post unlocking of the economy, IndiGo posted a decent set of numbers. Though there has been a significant jump in financial performance on a sequential basis, it is still far behind last year’s numbers

    Nitin Agrawal
    January 29, 2021 / 09:48 AM IST
    IndiGo: Strong recovery still far behind

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    The aviation sector is recovering nicely post the pandemic-led disruptions, and this is clearly visible in IndiGo airlines operator InterGlobe Aviation’s (CMP: Rs 1,584; Mcap: Rs 61,199 crore) December-quarter numbers. Now, airlines have been permitted to operate at 80 percent capacity and demand is expected to pick up in the months to come as business and international travel are expected to resume post vaccination. However, a significant rise in the stock price has made the valuation very expensive and hence we...

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