Interglobe Aviation Ltd
INDIGO

924.60

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Turnover (lac)
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Day's Vol.(shares)

920.85

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Reduce
Reco. Price
Rs 855.00

Last updated on 12-Sep-2016

We recommend REDUCE on the stock due to an expected 13% fall in PAT. This is due to competitive headwinds pressurizing realizations while disproportionate increase in operational costs to reduce margins. Valuations looks stretched at FY17E P/E of 19x and EV/EBITDA of 12x. (Target Price – Rs .. More
50 DMA (.)
888.29
100 DMA (.)
955.31
200 DMA (.)
971.02
Weekly Range (.)
860.15
950.00
Monthly Range (.)
844.00
950.00
52 Weeks Range (.)
698.35
1,394.85
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