ET Intelligence Group: After a fall of about 17 per cent in the past one year until February, the stock of InterGlobe Aviation, the owner of the low-fare airline IndiGoNSE -1.19 % has climbed 27 per cent in the past one month.
This dramatic change in the stock’s trajectory indicates sustainable and massive earnings growth in an industry where competition would likely trail the biggest carrier by market share.
This is also reflected in the earnings upgrades at the airline. Analysts have upgraded the EPS estimates for the next two fiscals — in the range of 17-85 per cent.
