IndiGo Q1 Review: Motilal Oswal Sees 31% Upside Despite Margin Pressure, Fuel Cost Headwinds — Check Target Price

Despite continued near-term headwinds from the Middle East airspace disruptions, high fuel costs, INR depreciation, and higher damp-lease exposure, Motilal Oswal remains confident in IndiGo's growth strategy, anchored by India's strong domestic demand base and steadily expanding international network.