InterGlobe Aviation Ltd rises as much as 3.1 pct at 1,330.80 rupees, its highest since Jan 4, 2016.
The owner of IndiGo airlines reported a record quarterly profit on Monday powered by growth in passenger revenue.
Indigo cut its FY18 capacity growth outlook to 20 pct inclusive of ATRs as it faces issues on A320 NEOs - Morgan Stanley analysts say in a note.
Morgan Stanley raise PT on stock to 1,213 rupees from 1,035 rupees; rating 'equal-weight'.
Expects yields to improve as lower capacity growth could help support yields in an environment in which industry growth is moderating at the margin - Morgan Stanley.
Up to Monday's close, stock has gained more than 57 pct this year.
