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IndiGo shares rise 2% after Q2 losses narrow. What are Jefferies and other brokerages saying?
Economic Times 44 min ago·30 Oct 2026, 4:22 am
IndiGo shares climbed over 2% on the news that its second-quarter loss narrowed to Rs 1,879 crore, a significant improvement from the previous year. However, the airline still faces headwinds, with profitability under pressure due to high fuel costs and a weaker rupee. Despite these operational challenges, the stock has found support from investors looking past the near-term hurdles.
Brokerages remain cautiously optimistic about the stock's long-term prospects. Jefferies and Nuvama both maintained their 'Buy' ratings, though they adjusted their target prices downward to Rs 5,650 and Rs 5,435 respectively. For investors, the key focus now shifts to how the airline manages these cost pressures and whether it can sustain the recent recovery in its financial performance.
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Key takeaways
- Concerns InterGlobe Aviation (INDIGO).
- Category: Company.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for InterGlobe Aviation worth tracking. Use the price and stock snapshot to gauge how the market is responding.
