InterGlobe Aviation loses nearly Rs 37,000 cr in valuation
InterGlobe Aviation loses nearly Rs 37,000 cr in valuation
InterGlobe Aviation Limited, the parent company of IndiGo, saw its market value shrink sharply on Monday as the airline continued to grapple with one of the worst travel dis-ruptions in India’s aviation history.
The stock fell as much as 10 per cent to Rs 4,842 -- its steepest single-day drop since February 2022 -- marking the seventh straight session of losses. Over the past six trading days, the stock has now lost 16.4 per cent, wiping out nearly Rs 37,000 crore in market capitalisation.
The sell-off intensified as investors reacted to the prolonged wave of large-scale flight cancella-tions and delays triggered by IndiGo’s transition to the revised flight duty time limitation norms. Analysts warned that the disruptions are further weakening hopes of a strong earnings rebound.
Brokerage firm Investec maintained its ‘Sell’ rating on InterGlobe Aviation, with a price target of Rs 4,040, saying that expectations of a third-quarter recovery have dimmed after a weak first half of FY26.
