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ā¢ Morgan Stanley has an "overweight" call on Interglobe Aviation, the operator of low-cost airline IndiGo, with a target price of Rs 3,217, citing supportive near-term demand and airfare trends.
ā¢ IndiGo is expected to benefit from consolidation in the aviation sector and currently trades at an attractive valuation.
ā¢ The company reported 19.6% YoY growth in revenue in the September quarter and expects to maintain its capacity addition guidance for the northern regions.