Sharing his outlook on InterGlobe Aviation (IndiGo), the electronics manufacturing services (EMS) space, and Dixon Technologies, Dipan Mehta, Director of Elixir Equities, offered a combined disclosure with a clear assessment of risks and long-term fundamentals.
On IndiGo, Mehta acknowledged the recent turbulence. He said, "We are shareholders of IndiGo ," adding that he feels the impact of the stock correction and the disruption faced by passengers. According to him, sentiment aside, IndiGo remains the largest player in what he called the fastest-growing aviation market. He highlighted the company’s capacity expansion and said 30% of revenues now come from international routes, which are not affected by the DGCA order. This share is expected to rise to 40% in the next few years.
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