InterGlobe Aviation’s stock closed at ₹4,924.5 on Thursday, and Nomura’s new coverage assigns a ₹6,000 target—an upside of 20.4% from the recent close.
Nomura cites a robust orderbook of over 900 aircraft, arguing that it will cement IndiGo’s domestic dominance and enable global expansion. The airline’s lean cost structure, combined with fuel‑price resilience, positions it to outperform higher‑cost peers should inflation stay elevated.
Projected revenue is expected to grow at a 16% CAGR from FY26 to FY29, while EBITDA could surge 38% over the same period. However, FY28 and FY29 EBITDA estimates sit 11% and 2% below Bloomberg’s consensus, respectively, reflecting sensitivity to the Gulf‑war fuel price trajectory.
Covering the stock are 27 analysts: 22 hold a “buy”, three a “hold”, and two a “sell”. The consensus price target suggests a 13% upside from current levels, slightly lower than Motilal Oswal, Morgan Stanley, and others who target higher.
Shares remain flat at ₹4,924.5 on the NSE, with a 3.7% YTD decline. Investors will watch the next earnings report for FY27 and the evolving fuel‑price environment for further guidance.