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IndiGo shares sink 3% after Rs 238 crore Q1 loss, but why are Citi and Nuvama raising target prices?
InterGlobe Aviation (IndiGo) reported a Q1FY27 net loss of Rs 238 crore as soaring fuel costs pushed expenses ahead of revenue growth. Despite the earnings miss, brokerages including Citi and Nuvama retained their 'Buy' ratings and raised target prices, citing strong yields, pricing power, disciplined capacity expansion and long-term growth prospects driven by international expansion.
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timesofindia.indiatimes.com
IndiGo domestic market share reaches all time high as losses force AI group to cut flights
IndiGo’s domestic market share touched a new life high of 66.3% last month with Air India group slashing flights following record losses last fiscal. DGCA domestic air traffic…
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newsbytesapp.com
IndiGo shares down 3% today: Here we decode why
IndiGo's parent company, InterGlobe Aviation, saw shares drop over 3% following reports that cofounder Rahul Bhatia is grooming his son, Madhav Bhatia, for a key leadership role.
