Indigo Rating
GS ON INDIGO : 08.06.2021
* MAINTAIN BUY TARGET: 1,960
* IndiGo remains Goldman Sachs's preferred aviation pick
* Continue To Recommend It As Our Preferred Aviation Stock
* Like Due To Its Balancesheet Strength Vs Peers
* Lower Estimates For FY22
* Near-term Focus Of Market Will Remain On Rate Of Infection
CREDIT SUISSE ON INDIGO : 08.06.2021
* MAINTAIN OUTPERFORM TARGET: 2,100
* CS maintains Outperform call on IndiGo on its positioning, structural cash flows & opportunity
* Consolidation Is Playing Out
* Competitors Pulling Back Passenger Capacity Driven By Losses/Lessors Disputes
* Stay OP On Positioning, Structural Cash Flows & Opportunity
* See 15% CAGR For FY21-30 Taking Co To 450/870 Planes By FY25/30
CITI ON INDIGO : 08.06.2021
* Maintain Sell, Target at Rs 1,330/share
* IndiGo reported a weak Q4'FY21 as better yield was offset by high fuel costs and forex losses
* Cash burn has increased QoQ
* Demand headwinds continue and competitors are ramping up capacities
* Maintain Sell, Target Price cut to Rs 1,330 from Rs 1,550/share
CITI ON INDIGO : 08.06.2021
* MAINTAIN SELL TARGET: 1,330 (PREV TGT: 1,550)
* Citi maintains SELL call on IndiGO, target cut to Rs.1,330/sh
* Market Share Could Be Peaking
* Target Price Cut Primarily Due To Cuts In FY22 Estimates
