<ul><li>IndiGo reported stellar fourth-quarter results with profits rising 62%, exceeding analysts' expectations.</li><li>Brokerages are largely bullish on IndiGo's performance, with Morgan Stanley reiterating an 'overweight' rating and Jefferies upgrading its target price to Rs 6,300.</li><li>Positive factors contributing to IndiGo's performance include industry consolidation, ramp-up in international routes, softer fuel prices, and strong passenger growth.</li><li>However, Investec remains cautious and emphasizes that the beat was driven by a forex gain, citing soft core profitability and downside risks. The stock price of IndiGo fell slightly post-results.</li></ul>

IndiGo Q4 Results Review: Brokerages Largely Bullish Amid Soft Crude Prices, Capacity Growth

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