22/5/2025, 5:34:03 pm

Buy InterGlobe Aviation; target of Rs 6377: ICICI Securities

ICICI Securities maintains a 'BUY' rating on InterGlobe Aviation with a revised target price of INR 6,377. The report highlights recovery in H2FY25 due to structurally lower supply, supported by lower crude prices and stable CASK ex-fuel. Strategic initiatives like business class, loyalty programs, and long-haul expansion are underway, aligning with internationalization and premiumization goals.