INSUBCONTINENT EXCLUSIVE:
Mumbai: HSBC has slashed target price on SpiceJet and InterGlobe Aviation, parent of IndiGo, as it believes the aviation industry is headed
Rs 44.5, against Rs 90 earlier, as it expects tight liquidity to weigh on the airline
SpiceJet are down 51 per cent and those of InterGlobe are down 24 per cent since February 19.
The aviation industry has come to a halt amid
to report steep losses in the next few quarters
remain highly volatile, with pace of recovery after Covid-19 being a bigger concern.
