Business
IndiGo shares gain 2% after analyst meet. Why Goldman, Morgan Stanley, others see up to 38% upside?
IndiGo expects strong growth tailwinds for the aviation industry over the next decade, with air passenger traffic projected to more than double between FY26 and FY35. The airline believes growth will be driven by a rising number of first-time international travellers, increasing inbound tourism into India and the development of airport infrastructure, with around 50 new airports expected to be added over the next five years.
To capitalise on this opportunity, the company has outlined an ambitious FY30 vision. IndiGo aims to increase its available seat kilometres (ASK) to 300 billion by FY30, up from 172.4 billion in FY26, implying a 15% CAGR. It also plans to raise passenger traffic to 200 million from 123 million over the same period, reflecting a CAGR of 13%.
What are analysts saying?
Goldman Sachs maintained its Buy rating on InterGlobe Aviation with a target price of Rs 5,300 (21% upside). The brokerage expects FY27 capacity growth to remain in single digits amid fuel price volatility but believes yields will stay resilient despite cost and inflation pressures. It highlighted the airline’s focus on international expansion, targeting a 40% international capacity mix by FY30, supported by an order book of around 900 aircraft. Goldman Sachs also expects yield growth to outpace inflation over the medium term, while cautioning that near-term uncertainty around oil prices and demand could lead to volatility in both earnings and the stock.
Morgan Stanley reiterated its Overweight rating on InterGlobe Aviation with a target price of Rs 5,844 (34% upside), describing IndiGo as one of the world’s best-run airlines with highly competitive non-fuel costs. The brokerage expects FY27 revenue growth to be driven primarily by fares, while capacity growth is likely to remain in single digits. It also highlighted the company’s disciplined premiumisation strategy, which bridges the gap between low-cost and full-service carriers. International operations are expected to account for 40% of the network by FY30, up from 32% in FY26. For Q1 FY27, Morgan Stanley expects passenger revenue growth per seat in the mid-teens on a year-on-year basis.
Also read: Wipro’s Rs 15,000-crore buyback opens June 11; entitlement ratio and key details announced
Motilal Oswal maintained a Buy rating on InterGlobe Aviation with a target price of Rs 5,600, an upside of 28% from current market levels. “Despite persistent near-term headwinds owing to airspace disruptions in the Middle East, high fuel costs and INR depreciation, we remain confident about INDIGO’s growth strategy, anchored by India’s strong domestic demand base and the company’s steadily expanding international network,” the brokerage said. Elara Capital retained its Buy rating on InterGlobe Aviation and assigned a target price of Rs 6,020 (38% upside). The brokerage expects FY27 growth to be led by stronger airfares, while volumes are likely to improve as aircraft deliveries normalise.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
IonQ: The Most Complete Pure-Play Quantum Investment (NYSE:IONQ)
I am a long-term investor with a track record of consistently outperforming the market. My investment philosophy focuses on identifying high-quality businesses with strong fundamentals, sustainable growth trajectories, and balanced valuations. In my Seeking Alpha contributions, I provide in-depth analyses of business models, competitive dynamics, and key growth drivers (or risks) that shape a company’s long-term potential. My objective, data-driven approach is designed to help investors make well-informed decisions, with a typical investment horizon of three or more years. I hold a Bachelor’s degree in Computer Science and an MBA in Strategy & Finance. Professionally, I work in the tech industry in Silicon Valley.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of IONQ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Tate & Lyle: Does Planned Ingredion Takeover Represent A 10% Arbitrage Opportunity?
Tate & Lyle: Does Planned Ingredion Takeover Represent A 10% Arbitrage Opportunity?
Business
At Close of Business podcast June 9 2026
Ella Loneragan and Jack McGinn discuss Holyoake and its chief executive Ben Smith.
Business
Why is Oxford Instruments stock sliding today?

Why is Oxford Instruments stock sliding today?
Business
Universal Technical Institute Continues To Teach That Upside Exists (NYSE:UTI)
Daniel is an avid and active professional investor.
He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham’s investment philosophy and a contrarian approach to the market and the securities therein. Learn more.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Why is Italgas stock rallying today?

Why is Italgas stock rallying today?
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Barbeques Galore collapses, WA stores to close
National retailer Barbeques Galore is set to shutter its 62 company-owned stores after a rescue deal from its owner and secured lender fell through.
Business
Kia recalls over 6,000 Telluride SUVs over seatbelt malfunction injury risk
Check out what’s clicking on FoxBusiness.com.
Kia is recalling more than 6,000 vehicles because of a seatbelt malfunction that could increase the risk of injury in the event of a crash.
The recall potentially affects 6,264 2027 Kia Telluride and Kia Telluride Hybrid models, according to a notice from the National Highway Traffic Safety Administration. The affected vehicles include 4,367 Telluride Hybrid models manufactured from March 24 through May 12, 2026, and 1,897 gas-powered Telluride models manufactured from March 24 through May 10, 2026.
Kia learned that the “driver seat belt emergency locking retractor (ELR) may lock” when the driver attempts to extend the seat belt webbing in certain Kia Telluride vehicles, preventing the seat belt strap from extending, according to the notice.
MORE THAN 1 MILLION JEEP VEHICLES RECALLED OVER FIRE RISK AS OWNERS WARNED NOT TO PARK INSIDE

Kia is recalling more than 6,000 vehicles because of a seatbelt malfunction. (Getty Images / Getty Images)
“An unavailable occupant restraint increases the risk of injury to an unbelted driver in the event of a collision,” the notice reads.
The cause of the defect is believed to be connected to an “incorrect vehicle sensor” that was installed in certain driver seatbelt assemblies by one of Kia’s suppliers. NHTSA said the issue was due to a supplier error.
SUBARU RECALLS NEARLY 70,000 SUVS AFTER MOONROOF PANELS DETACH WHILE DRIVING

The recall potentially affects 6,264 2027 Kia Telluride and Kia Telluride Hybrid models. (Josh Lefkowitz/Getty Images / Getty Images)
Because of this, the vehicles are not in compliance with the requirements of Federal Motor Vehicle Safety Standard No. 209, “Seat Belt Assemblies.”
No other Kia vehicles are equipped with the defective retractor. NHTSA’s report estimates that 1% of the recalled vehicles may have the defect.
Vehicle owners affected by the recall will be able to take their cars to a Kia dealer to have dealers replace the seat belt assembly at no cost. Kia’s number for this recall is SC372.

Vehicle owners affected by the recall will be able to take their cars to a Kia dealer for dealers to replace the seat belt assembly at no cost. (REUTERS/You Sung-Ho KKH/SA / Reuters Photos)
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Owner notification letters are expected to be mailed out on July 31. Vehicle Identification Numbers involved in the recall are expected to become searchable on NHTSA.gov beginning June 16, 2026.
Business
It's The Elasticity, Stupid
It's The Elasticity, Stupid
Business
Last date to buy these 3 Tata Group stocks for dividends worth Rs 89. Do you own any?
Under market regulator SEBI’s T+1 settlement cycle, investors need to purchase a company’s shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. This effectively makes today the last opportunity for investors to buy the shares so that they are credited to their accounts by the record date (June 10), making them eligible for the dividends.
Tata Chemicals dividend
Tata Chemicals in May had announced a dividend of Rs 11 per share (110%) with a face value of Rs 10 each, subject to shareholders’ approval at the firm’s upcoming Annual General Meeting scheduled for June 26.
The company has declared 30 dividends since June 2001, and currently has a dividend yield of more than 1.5%, according to data on Trendlyne.
Tata Chemicals shares have fallen more than 3% in one week and 9% in one month. The shares have declined 24% in one year, 29% in three years and 5% in five years.
Also read: Bonus issue alert! This smallcap company announced a 2:5 bonus issue. Do you own?
Tata Elxsi dividend
Tata Elxsi announced a dividend of Rs 75 per share (750%) with a face value of Rs 10 each in April this year. This too is subject to shareholders’ approval at the company’s upcoming Annual General Meeting scheduled later this month
The tech company has declared 27 dividends since June, 2001, and has a dividend yield of 1.76%, according to data on Trendlyne.
Tata Elxsi shares have fallen over 1.5% in one week, 2% in one month and 19% in 2026 so far. The stock tumbled 34% in one year and 46% in three years, but it has gained over 13% in five years.
Tata Investment Corporation dividend
In April, Tata Investment Corporation’s board of directors recommended a dividend of Rs 3.40 per share (340%) with a face value of Rs 1 each. This dividend will be paid after the firm’s Annual General Meeting (AGM) scheduled for July 1.The company has declared 31 dividends since September, 2000 and has a dividend yield of 0.41%, adjusting for bonus and stock splits, according to data on Trendlyne.
Tata Investment Corporation shares have fallen 4% in one week and 10% in one month. The stock declined more than 5% in one year, but gained 177% in three years and 462% in five years.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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