Rana Gupta, Senior Portfolio Manager and India Equity Specialist at Manulife Investment Management, outlined his views on aviation, quick commerce, and the Electronics Manufacturing Services (EMS) space. His analysis focused on revenue-cost dynamics, long-term scalability, and the importance of cash flows in high-growth sectors.

On InterGlobe Aviation (IndiGo), Gupta urged investors to wait for clarity before taking a view. He said the airline will likely need to either reduce capacity or add staff to stabilise operations. "If I look at the situation, what this airline in question has to do is either cut capacity or increase staff," he explained.

Either option could pressure financials, with revenue per seat kilometre drifting lower or cost per available seat kilometre rising. With rep

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