BUZZ-India's IndiGo hits record high on GST reform plan, hopes of market share gains

Reuters
08/18
BUZZ-India's IndiGo hits record high on GST reform plan, hopes of market share gains

Updates

** Shares of Indian airline IndiGo INGL.NS rise as much as 3.2% to 6,174 rupees, a record high

** Jefferies ("Buy") says it expects INGL's market share gains to sustain across domestic and international segments, especially with Air India's capacity pullback

** Rise also mirrors broader market rally on GST reform plans

** INGL shows indisputable dominant presence in Indian aviation, steady aircraft deliveries outlook, and growth levers around international expansion - Jefferies

** INGL dominates India's domestic aviation market with nearly 63% market share as of December 2024

** Stock on track for fifth straight session of gains

** Analysts rate it "buy" on avg; median PT is 6,558 rupees - data compiled by LSEG

** Stock up 36% YTD

(Reporting by Komal Salecha)

((Komal@thomsonreuters.com))

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