Thursday brought bad news for IndiGo investors as parent InterGlobe Aviation’s shares nosedived. Global heavyweight Citi cited mounting pressures and cut its target price, sparking the 4% drop.
From Rs 5,700, the new target is Rs 5,100—a 10.5% reduction—but the ‘Buy’ call persists, hinting at 17% upside potential.
What a year it’s been: Q1 geopolitical woes, Q3 battered by FDTL-induced cancellations, and now Iran-Israel-US tensions clouding the horizon. International flights bear the brunt.
Looking ahead, escalating fuel costs and a sliding rupee threaten margins.
Yet, hope glimmers. IndiGo clawed back domestic dominance in January, boosting share from 59.6% to 63.6%. Its cost efficiency sets it apart from peers.
Markets reacted swiftly: intraday low of Rs 4,194.10 (down 3.6%). By afternoon, down 2.51% at Rs 4,243.50. Monthly loss: 14.80%. 52-week range: Rs 4,035–6,232.50. Market cap: Rs 1.64 lakh crore.