Morgan Stanley hikes PT on Indian airline IndiGo on easing cost pressures

Interglobe Aviation

29/06/2026 05:30

** Morgan Stanley raises PT on India's IndiGo INGL.NS by 10% to 6,436 rupees; keeps "overweight" rating
** Says fuel and forex headwinds are receding; industry capacity growth slower than expected
** Adds, peer losses likely to keep capacity in check, aiding pricing discipline
** INGL down 1.3% at 5,384.70 rupees on Monday
** Stock's current levels do not fully price in recovery, says Morgan Stanley; sees gains from market share, international expansion
** Avg rating of 24 analysts on INGL at "buy"; median PT is 5,317.50 rupees - LSEG-compiled data
** YTD, stock up 6.5% vs Nifty 50's .NSEI 7.9% drop


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))