Jefferies: Buy Indigo, 31% Upside to ₹7,025; Other Brokerages Also Bullish

• Indigo's parent company, InterGlobe Aviation, saw shares decline nearly 9% on Dec 8th, with a 14.92% drop over the past week.
• Despite the decline, Jefferies recommends buying Indigo stock with a target price of ₹7,025, projecting a 31% rise.
• BofA Securities also recommends "Buy" with a ₹6,600 target, but reduced profit forecasts due to cancellations and new pilot duty rules.
• Goldman Sachs maintains a "Buy" rating for Indigo with a ₹5,700 target, citing market dominance but noting regulatory uncertainties.
• The stock's volatility is influenced by new FDTL regulations, flight cancellations, and stricter pilot duty rules impacting operational costs.

Why It Matters: This impacts investment decisions for InterGlobe Aviation shares.