IndiGo rises; HSBC says Indian carrier's competitive edge improving

Interglobe Aviation

24/06/2026 07:22

June 24 (Reuters) - ** InterGlobe Aviation's INGL.NS shares rise as much as 2.8% to 5,100.4 rupees apiece, a near six-month high, extending its June gain to about 15% and putting the IndiGo operator on track for its strongest month in three years 
** Rise aided by lower crude prices and expectations that air fares stay elevated amid tight industry capacity 
** HSBC says IndiGo's competitive position is improving as Air India faces pressure
** Maintains "buy" rating and target price of 5,545 rupees, implying about 12% upside over the next 12 months
** Expects domestic leisure demand to benefit from revenge travel, while corporate demand recovers more slowly due to high fares 
** INGL shares are up 0.5% in 2026 so far compared to Nifty 50's .NSEI 8.2% drop, exchange data shows 

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))