How?Emkay sees 27% upside for IndiGo, citing optimism

InterGlobe Aviation, IndiGo's parent, faces operational challenges with over 4,200 cancellations in 8 days, a 23% decline in scheduled flights, prompting a 3% revenue decline, 8% EBITDA reduction, and 17% profit drop projection for FY26. Despite this, Emkay Global reiterates a positive view with a 27-30% upside potential, projecting a revised target price of Rs 6,300.