The Indian market enters 2025 with optimism tempered by caution. GDP growth is projected at 6.5%-7%, driven by domestic consumption and industrial expansion, positioning India as a resilient investment destination.
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