Nomura Maintains 'Buy' Rating on InterGlobe Aviation Amid Airfare Rule Uncertainty
What happened
Nomura maintained its 'Buy' rating on InterGlobe Aviation with a target price of Rs 6,000. The brokerage noted that visibility remains low regarding new airfare rules that the government is expected to notify within two weeks under the Bharatiya Vayuyan Adhiniyam, 2024. Nomura's base case assumes that regulatory outcomes will involve stronger monitoring of airfare increases and greater transparency in ticket prices.
From moneycontrol.com
Why it matters
Nomura's projections for InterGlobe Aviation factor in yields remaining largely flat and a 13% year-on-year decline in Singapore jet fuel prices, which is partly attributed to normalizing geopolitical conditions. The firm warns that a 5% year-on-year decline in yields due to increased oversight could risk 10% of InterGlobe Aviation's FY28 EBITDA.
From moneycontrol.com
Who's involved
- NomuraMaintains financial ratings and analysis on aviation stocks
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- West AsiaSpeculative
West Asia might see reduced risk and lower jet fuel costs as geopolitical conditions normalize.
Keep exploring
The entities involved
-
Nomura
corporation in Japan
Related events
- Nomura upgraded the stock rating for Toto Ltd. on September 4, 2026.
- Nomura assigned a 'Buy' rating to Paytm on October 15, 2026.
- Nomura retained a Buy rating for Gland Pharma Ltd, citing its pivot to a CDMO model.
- HCL Tech completed the acquisition of Jaspersoft on July 1, while Nomura maintained its 'Buy' rating on the company. The market context included trading premiums against Infosys.
- Nomura provided valuation benchmarks for the Nifty 50 index on October 6, 2026.