"We are positive on the stock due to market share gains and improving competitive landscape," Morgan Stanley said
Credit Suisse maintains outperform call on the stock and raised price target to Rs 1,900 from Rs 1,800 after upgrading earnings growth estimates to 16 / 18 percent for FY20/21.
HSBC increased its price target for SpiceJet to Rs 115 from Rs 79.50 earlier.
Brokerages turned mixed in their opinion as some feels the market share has peaked while rest believe yields are going to be strong going ahead.
InterGlobe said it has strong balance sheet with a total cash of Rs 15,308.1 crore, including free cash of Rs 6,079.6 crore
Senior executive says flights to London remain an aspiration
Cash-strapped Jet Airways (including Jet lite), which decided to stop all its operations last week, saw a 65 percent YoY decline in pax traffic to 0.7 million in March.
The top Nifty gainers include Tata Motors, Reliance Industries, Wipro, Tech Mahindra and Asian Paints while Bharti Airtel, Indiabulls Housing, YES Bank, Vedanta and Hindalco are the top losers.
The breadth of the market favoured the advances as 891 stocks advanced and 813 declined while 387 remained unchanged. On the BSE, 1,246 stocks advanced, 1,239 declined and 145 remained unchanged.
Net Sales are expected to increase by 38.5 percent Y-o-Y (up 1.4 percent Q-o-Q) to Rs. 8,029.9 crore, according to Prabhudas Lilladher.
The three new overseas services include daily non-stop flights to Jeddah and Dammam and Abu Dhabi while the domestic services will be launched to cities such as Indore, Kochi and Patna among others, IndiGo said in a release.
The plane is powered by the already troubled Pratt & Whitney engine.
Credit Suisse in a recent note upgraded InterGlobe Aviation to outperform from Neutral and also raised its target price to Rs 1650 from Rs 1075 earlier.
The rally was in addition to 16 percent upside seen in SpiceJet and 7 percent in InterGlobe Aviation on March 20 while Jet Airways was down nearly 5 percent amid consistency in grounding aircraft.
The last time such a low growth was reported in July 2014 when incremental traffic grew 7.19 percent, while in August 2014 the same was at 8 percent.
IndiGo, the country's largest airline in terms of market share, Tuesday also said that all job offers are in line with its current terms and conditions.
Union Minister Pon Radhakrishnan Friday told the Lok Sabha that an appropriate decision on the matter would be taken by the Reserve Bank of India (RBI) after due process.
P&W engine-powered A320 neos have been grappling with problems and aviation regulator DGCA has issued various directives to address these issues.
HDFC Securities is bullish on Interglobe Aviation has recommended buy rating on the stock with a target price of Rs 1280 in its research report dated January 24, 2019.
The position had been vacant since the exit of then President Aditya Ghosh in early 2018
In the pre-opening, however, the stock price had tanked 10 percent.
The loss at EBITDA level is also expected to decline sharply by 82 percent and 64 percent QoQ by Kotak Securities and Motilal Oswal respectively, on account of higher yields
Shares of Jet Airways gained about 2 percent following the news, while Interglobe Aviation and SpiceJet rose about 1 percent intraday.