IndiGo’s Market Share Gains Are Here To Stay Says Goldman Sachs | ET Now | Business News

Goldman Sachs upgraded its rating on India’s largest airline – IndiGo – to ‘buy’ from ‘neutral’. The foreign brokerage also hiked the target to Rs 2,210 from Rs 1,990.Three reasons why Goldman Sachs has upgraded the stock – Indigo’s market share gains are sustainable, industry consolidation towards two large players will likely improve pricing discipline and Indigo’s cost leadership will likely drive improvement in profitability. It also believes that the valuations are comfortable. Though Q2 is expected to be weak, the setup is positive for Q3.Watch the video to know more. #ETNow #BusinessNews #Indigo #GoldmanSachs