Auto Components News

Indigo: Buy, sell, or hold? Why Dalal Street is divided on IndiGo’s outlook

[ad_1]

An IndiGo Airline passenger aircraft prepares to take-off from the Anna International Airport, Chennai

Synopsis

Shares of Interglobe Aviation have witnessed selling pressure after IndiGo reported a marginally bigger loss for the September quarter. While passenger traffic has seen a recovery after the pandemic and corporate travellers are back, rupee depreciation, higher fuel costs, and unavailability of spare parts are posing headwinds for the airline.

During his first analysts’ call after taking over as IndiGo’s CEO in the summer of 2019, Ronojoy Dutta announced a five-year plan for the airline, which included a focus on expanding its international footprint by creating hubs in four corners of India.Later that year, he went ahead and crystalised it further in the airline’s annual report by tweaking co-founder Rakesh Gangwal’s previously stated vision of putting “in place an air transportation

  • FONT SIZE
  • SAVE
  • PRINT
  • COMMENT

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Login to read the full story.

Unlock your 30 days free access
to ETPrime now.

Login to Unlock

*No card details required

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

[ad_2]

Source link