IndiGo’s worst operational meltdown led to thousands of cancellations, rising costs and reputational strain, but HSBC says the airline’s long-term fundamentals remain intact. The brokerage cut its target price but kept a ‘Buy’ rating, arguing that despite new pilot-duty rules and short-term disruptions, IndiGo’s cost advantage and market position are unchanged as operations begin to stabilise.
Source :- Markets-Economic Times Read More
