On Tuesday, the stock surged 15% to hit a high of Rs 63.60 before closing at Rs 62.20. Niyogin Fintech has a market capitalization of Rs 591.87 crore.
Jefferies views IndiGo as unique and strong franchise, raises target price to Rs 5,260
The IndiGo stock has underperformed following a significant miss in the company’s 2Q results, driven by higher costs impacting profitability. However, Jefferies expects cost normalization