Indigo shares continue to surge. What InvestingPro+ suggest on its valuation？

InterGlobe Aviation Ltd (NS:) shares increased by almost 2% today and have surged by 10% in the past two weeks. The shares benefited from the sharp drop in prices and are now close to $73 per barrel. InvestingPro+ estimates another upside of 10% from the current levels based on the average of 12 Fundamental models and 21 Analyst Targets. Some of the positives highlighted by InvestingPro+ are:

1. Consistently increasing earnings per share

2. Net income is expected to grow this year

3. Valuation implies a strong free cash flow yield

4. Prominent player in the Passenger Airlines industry

5. High return over the last decade

Some of the negatives are:

1. RSI suggests the stock is in overbought territory

2. Operates with a moderate level of debt

3. Does not pay a dividend to shareholders