Shares of InterGlobe Aviation, the parent company of IndiGo, rose by 2% to an intraday high of ₹4,454 on the Bombay Stock Exchange after a positive analyst meeting. Analysts, including Goldman Sachs and Morgan Stanley, expressed bullish sentiments about the airline's growth prospects, with Goldman Sachs setting a target price of ₹5,300, indicating a potential upside of 21%. Meanwhile, Morgan Stanley's target price of ₹5,844 suggests a 34% upside, emphasizing IndiGo's effective management and competitive non-fuel costs. IndiGo anticipates a significant increase in air passenger traffic, which is expected to more than double by FY35, driven by factors such as rising international travel and airport infrastructure development. The airline has ambitious plans to increase its available seat kilometres to 300 billion by FY30 and aims to boost passenger traffic from 123 million to 200 million during the same period. Elara Capital also maintains a positive outlook, projecting a target price of ₹6,020, representing a 38% upside, driven by anticipated growth in airfares.