Jefferies projects 23% upside for InterGlobe Aviation shares.

InterGlobe Aviation, the parent company of IndiGo Airlines, is all set to fly high with Jefferies raising its target price for the stock, expecting a 23% gain. The reason behind this positive outlook is IndiGo's strong market share, excellent operational performance, and increasing international routes. With the global aviation sector showing signs of recovery, InterGlobe is ready to take advantage of the increased demand. Therefore, investors who are looking to invest in the airline sector should keep an eye on this stock.

 

Source: Jefferies Analysis