InterGlobe shares hit record high; Rs 3,030 or Rs 5,700, what’s next? Kotak suggested a fair value of Rs 5,700 on the stock. Nuvama Institutional Equities has raised its FY25–27 EPS by 8–13 per cent on positive guidance. This brokerage finds InterGlobe worth Rs 4,768.
InterGlobe Shares Hit Record High: What’s Next?
In a thrilling turn of events, InterGlobe Aviation’s shares have soared to a record high of Rs 3,030. With analysts buzzing about the potential future value of the stock, investors are keen to know: Is it time to buy, hold, or sell?
Market Predictions: Kotak and Nuvama Weigh In
According to Kotak Institutional Equities, the fair value of InterGlobe shares could reach an impressive Rs 5,700. This optimistic outlook is driven by the airline’s robust financial performance and market positioning. Meanwhile, Nuvama Institutional Equities has updated its earnings per share (EPS) forecasts for FY25-27, raising them by 8-13%. Their valuation stands at Rs 4,768, reinforcing the idea that the airline industry is on an upswing.
Investment Opportunities
With InterGlobe’s shares currently trading at Rs 3,030, the question arises: Is there still room for growth? Given the positive guidance from analysts, this might be an opportune moment for investors to consider adding InterGlobe to their portfolios. The airline sector is rebounding, and InterGlobe is poised to benefit from the surge in travel demand.
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In conclusion, with projections ranging from Rs 4,768 to Rs 5,700, InterGlobe’s share price could have significant upside potential. Investors should keep a close eye on market trends and analyst recommendations as they make their decisions.
