Shares of IndiGo rose after receiving a bullish target price from Motilal Oswal Financial Services.
Motilal Oswal has upgraded IndiGo to a 'buy' rating and set a target price of Rs 6,550.
The upgrade is based on the revised Brent crude assumption of $65 per barrel for fiscal 2027, easing of oil prices, and the airline's growth potential.
IndiGo is also focusing on codeshare deals and technology innovations to improve operations and customer experience.