INDIGO 827 double bottom support,Target 872_910. STOPLOSS 811

padiyara Updated   
InterGlobe Aviation Ltd.
It is all started with a small Delhi Express Travels, in early sixities, IndiGo commenced operations in mid 2006 with a single aircraft and is today India’s youngest, fastest growing airline.
Flying with them was quite a pleasant experience to me , just thought of searching for the antiquity, found a tremendous investing opportunity ahead.
INDIGO Enterprises today has a network of over 150 offices across 60 major cities globally. InterGlobe employs over 20k professionals across its businesses. It ventures include civil aviation, airline management, travel commerce solutions, IT and BUSINESS PROCESS MANAGEMENT services, hospitality, advanced pilot training and aircraft maintenance engineering.
Flying to 36 cities in India and 5 cities internationally, the youngest fleet in Indian skies, 841 flights daily.
some of its developments in past year.
Indigo airlines have approached Visakhapatnam airport authorities to provide them with a facility for night parking of aircrafts so that they can operate early morning flights.
Indigo have evinced interest in offering their services to Vijayawada Airport. Indigo has plans to make it a night parking hub and expand its operations in the due course.
There are 210 Airbus aircraft in service in India and the plane maker has a backlog of more than 520 planes. IndiGo is the largest customer, with an order size of 430 A320 planes.
Now comes to the stocks fundamentals, very simple accounts:
16000 cr sales with an average 12 % npm , huge 8 time debts are reducing 1.61% , and an expected 18% CAGR, it is worth taking a risk at this level 827.
If the numbers are correct, we are going to see a new history in Indian aviation in coming years, with indigo making a new high 980_1110 & 1400. Keep aside the risks, like economic policy, competitions and sharp increase in fuel cost, those who are connected with them will really going to enjoy.
First Resistance touched 877
on target, and a tremendous break out

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