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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Kotak maintains buy on InterGlobe Aviation
Kotak has maintained 'buy' on InterGlobe Aviation for target of Rs 1,420/share. Kotak says that target is based on 15 times September 2015 earnings and IndiGo's passenger volumes to remain strong. Kotak expects 23 per cent compounded annual growth rate in FY15-18 earnings and robust earnings growth trajectory will continue for the company.