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After an analysts' meet on March 22, brokerages such as like UBS Securities, Kotak Institutional Equities and Motilal Oswal Financial Services expects strong growth for IndiGo on the back of its expansion plans as well as robust growth in the domestic air travel sector
Motilal Oswal recommended Neutral rating on InterGlobe Aviation with a target price of Rs 3510 in its research report dated March 25, 2024.
The stock quoted a 52-week high price of Rs 3355.5 and low of Rs 1810.45.
Shares of IndiGo's parent firm rose 4% to hit a 52-week high after brokerage firm UBS backed the company and upgraded its target price.
Brokerage firm Kotak Institutional Equities upgraded Dr. Lal PathLabs, Investec maintained a buy rating on Godrej Consumer, CLSA maintained an outperform rating on HDFC Bank and Jefferies upgraded InterGlobe Aviation to hold.