04 Sep 2025, 13:45 IST
InterGlobe Aviation Limited
JM Financial Institutional Securities Limited · HOLD
The note says IndiGo's operational proposition is compelling and its 2030 fleet and passenger vision remains on track, but that the stock remains fairly valued at ~22x/18x P/E for FY26E/FY27E, with 4QFY25 RASK moderation likely to pan out better than expected due to Mahakumbh and an extended wedding season.
From Indigo 19Mar25, written by JM Financial Institutional Securities Limited and hosted by Investment Guru India. Orivam summarised it; the view is JM Financial Institutional Securities Limited's, not Orivam's.
Open the original PDF on Investment Guru India →Research PDFs are often removed by the firms that publish them. The summary above is kept so this page still means something if that happens.