{"id":17082,"date":"2024-02-05T17:41:36","date_gmt":"2024-02-05T12:11:36","guid":{"rendered":"https:\/\/univest.in\/blogs\/?p=17082"},"modified":"2024-02-05T17:43:04","modified_gmt":"2024-02-05T12:13:04","slug":"indigo-keeps-analysts-bullish-beat-estimates","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/indigo-keeps-analysts-bullish-beat-estimates\/","title":{"rendered":"InterGlobe Aviation, Witnessed a Record Surge in Share Prices Following Impressive Q3 Earnings Report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/indigo-keeps-analysts-bullish-beat-estimates\/#InterGlobe_Aviation_the_parent_company_of_Indias_largest_airline_IndiGo_experienced_a_substantial_rise_in_its_share_prices_on_Monday_morning_with_its_stocks_surging_by_more_than_5_to_a_record_high_of_Rs_3300\" title=\"InterGlobe Aviation, the parent company of India&#8217;s largest airline, IndiGo, experienced a substantial rise in its share prices on Monday morning, with its stocks surging by more than 5% to a record high of Rs 3,300.\">InterGlobe Aviation, the parent company of India&#8217;s largest airline, IndiGo, experienced a substantial rise in its share prices on Monday morning, with its stocks surging by more than 5% to a record high of Rs 3,300.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/indigo-keeps-analysts-bullish-beat-estimates\/#The_reason_behind_this_growth\" title=\"The reason behind this growth\">The reason behind this growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/indigo-keeps-analysts-bullish-beat-estimates\/#How_did_Brokerages_respond_to_the_report\" title=\"How did Brokerages respond to the report?\">How did Brokerages respond to the report?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/indigo-keeps-analysts-bullish-beat-estimates\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h4><span class=\"ez-toc-section\" id=\"InterGlobe_Aviation_the_parent_company_of_Indias_largest_airline_IndiGo_experienced_a_substantial_rise_in_its_share_prices_on_Monday_morning_with_its_stocks_surging_by_more_than_5_to_a_record_high_of_Rs_3300\"><\/span>InterGlobe Aviation, the parent company of India&#8217;s largest airline, IndiGo, experienced a substantial rise in its share prices on Monday morning, with its stocks surging by more than 5% to a record high of Rs 3,300.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h3><span class=\"ez-toc-section\" id=\"The_reason_behind_this_growth\"><\/span><strong>The reason behind this growth<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The cause behind this upward momentum was the company&#8217;s impressive third-quarter (Q3) earnings report, which was received with great enthusiasm from various brokerages.<\/p>\n<p>The Q3 report revealed that <a href=\"https:\/\/univest.in\/stocks\/indigo\/interglobe-aviation-ltd-share-price-today\">InterGlobe Aviation&#8217;s<\/a> net profit had more than doubled to Rs 2,998 crore, owing to the company&#8217;s strong demand, fuel surcharge, and improved operational efficiency.<\/p>\n<p>Furthermore, the company&#8217;s EBITDA margin grew to 28.1%, indicating higher yields and declining fuel costs, while the yield per passenger remained steady at Rs 5.34.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Brokerages_respond_to_the_report\"><\/span><strong>How did Brokerages respond to the report?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Brokerages responded positively to the Q3 report, with Nuvama Institutional EquitiesFF raising IndiGo&#8217;s FY25\/26 EBITDA target by 12-15% and revising the target price to Rs 3,774, a 30% increase, while maintaining its &#8220;buy&#8221; call. <a href=\"https:\/\/en.wikipedia.org\/wiki\/Morgan_Stanley\" rel=\"nofollow noopener\" target=\"_blank\">Morgan Stanley<\/a> also increased its target price to Rs 4,145, citing a strong balance sheet and healthy vendor relationships, and retained its &#8220;overweight&#8221; call.<\/p>\n<p>UBS Securities boosted its target price to Rs 3,900 and kept its &#8220;buy&#8221; rating, acknowledging the strong Q3 performance and potential for continued yield strength. However, Jefferies maintained its &#8220;underperform&#8221; call with a target price of Rs 2,500, expressing concerns about the potential yield pressure from Air India&#8217;s fleet expansion.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>IndiGo, known for its punctuality and affordability, is anticipating a strong performance in terms of yields for the upcoming six months, according to recent reports. The airline has been expanding its network, adding new routes and increasing flight frequency. However, some analysts, such as Jefferies, have raised concerns about potential pressure on yields later in the year.<\/p>\n<p><em>Despite this, the overall sentiment among brokerages remains positive, with many analysts highlighting IndiGo&#8217;s robust competitive advantages and bright future prospects.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Aviation, the parent company of India&#8217;s largest airline, IndiGo, experienced a substantial rise in its share prices on Monday morning, with its stocks surging by more than 5% to a record high of Rs 3,300. The reason behind this growth The cause behind this upward momentum was the company&#8217;s impressive third-quarter (Q3) earnings report,<\/p>\n","protected":false},"author":15,"featured_media":26913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[],"class_list":["post-17082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"metadata":{"_last_editor_used_jetpack":["classic-editor"],"_edit_lock":["1707195743:13"],"_edit_last":["13"],"rank_math_internal_links_processed":["1"],"rank_math_seo_score":["78"],"rank_math_focus_keyword":["IndiGo"],"rank_math_title":["IndiGo keeps analysts bullish as Q3 earnings beat estimates"],"rank_math_description":["Net profit of IndiGo had more than doubled to Rs 2,998 Cr, Owing to the company's strong demand, fuel surcharge, and improved operational efficiency. \n"],"rank_math_facebook_title":["IndiGo keeps analysts bullish as Q3 earnings beat estimates"],"rank_math_facebook_description":["Net profit of IndiGo had more than doubled to Rs 2,998 Cr, Owing to the company's strong demand, fuel surcharge, and improved operational efficiency. \n"],"_thumbnail_id":["26913"],"rank_math_primary_category":["842"],"rank_math_analytic_object_id":["539"],"post_views_count":["1471"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2024\/10\/18181930\/portfolio-3-2.jpg","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/17082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=17082"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/17082\/revisions"}],"predecessor-version":[{"id":17084,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/17082\/revisions\/17084"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/26913"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=17082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=17082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=17082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}