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IndiGo won't crash despite turbulence; no long-term damage, but not a 'buy' yet: Mayuresh Joshi
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IndiGo faces operational challenges and seeks a DGCA exemption for new pilot rostering norms. While Citi maintains a 'buy' call, Morgan Stanley cuts its target price and EPS estimates due to rising costs. Market expert Mayuresh Joshi sees no long-term decline for IndiGo but advises caution. He is bullish on ITC Hotels, citing growth potential in the organized hospitality sector, supported by strategic initiatives and GST benefits.
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