BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
IndiGo will remain one of the biggest beneficiaries of expected recovery from Covid-19 with healthy signs of return of air traffic, steady passenger load factors complemented by strong balance sheet.
The pace of cash erosion has slowed down, while the liquidity measures taken by the company has added to the business strength.
However, expected delay in return of corporate traffic could lead to lower fares, which will put pressure on earnings in FY21.
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