IndiGo Faces Fresh Market Pressure as Brokerages Cut Price Targets Amid Operational Challenges
IndiGo’s stock came under renewed pressure on Thursday after Kotak Securities trimmed its price target, citing the airline’s reduced near-term outlook and rising competitive risks. Kotak revised its target for the carrier to ₹5,350 from ₹5,700, warning that IndiGo may face heightened competition as rival airlines prepare to utilise its unused flight slots. The brokerage … Read more