IndiGo shares rise 3.8% post Q2 results; analysts divided on recovery timeline
The rally comes despite the stock being 15% below its 52-week high of ₹5,970 hit in November 2025
IndiGo shares rose 3.8% following its Q2 results, with analysts divided on the company's recovery timeline. The stock gained nearly 4% in early trade, trading at ₹4,862.90, up ₹177.10 or 3.79%. Despite being 15% below its 52-week high, IndiGo's performance outperformed the Nifty 50's decline over the same period. Analyst reactions were generally positive but cautious, with Motilal Oswal retaining a Buy rating and cutting FY27/FY28 EBITDAR estimates due to the West Asia crisis affecting jet fuel costs.
JM Financial maintained an Add rating with a target price of ₹5,200, while Elara Securities initiated an Accumulate with a ₹5,000 target, warning of potential pricing softening as capacity ramps up.
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