IndiGo share price in turbulence — Morgan Stanley, Citi stay bullish, Eye Rs 1,130 return
IndiGo Share Price: IndiGo, India’s largest airline, has been grappling with operational disruptions in recent weeks, with flight cancellations rising sharply to around 170–200 per day, significantly above usual levels.
The airline has sought temporary exemptions from certain Flight Duty Time Limitations (FDTL) provisions for its A320 fleet until February 10, 2026, to manage the operational pressure.
The Director General of Civil Aviation (DGCA) confirmed that following discussions with IndiGo’s senior leadership, the airline has assured that stable and normalised operations will be restored by this date.
Morgan Stanley, while acknowledging rising cost pressures and operational disruptions, has maintained an “overweight” rating on InterGlobe Aviation with a revised target price of Rs 6,540, suggesting a potential upside of Rs 1,169 or 21.7 per cent from the current price of Rs 5,371.
The brokerage cut FY27 and FY28 earnings per share estimates by around 20 per cent due to higher staff, maintenance, depreciation, and finance costs, but noted that tight capacity and gradual fare increases could offset some of the impact.
Morgan Stanley also expects elevated international traffic and supply constraints across the industry to support valuation multiples.
Citi on IndiGo
Similarly, Citi has maintained a “buy” rating on IndiGo with a target price of Rs 6,500, implying an upside of Rs 1,129 or 21 per cent. The brokerage highlighted that on-time performance has declined across airlines, and the disruption in IndiGo’s complex network has a cascading effect, temporarily affecting multiple flights.
The new FDTL rules have also reduced rostering flexibility, meaning that operational normalisation could take time. Nevertheless, Citi believes that IndiGo’s strong market position and robust demand recovery support its investment case.
InterGlobe Aviation Share Price History
On the stock market, InterGlobe Aviation Ltd closed at Rs 5,371.30 on Friday, down Rs 66.30 or 1.22 per cent from its previous close of Rs 5,437.60. During the day, the stock opened at Rs 5,383.40, hitting a high of Rs 5,474.95 and a low of Rs 5,266.00.
Over the past 52 weeks, the stock has traded between Rs 3,946.40 and Rs 6,225.05, reflecting its market volatility amid operational challenges and industry dynamics.
The company’s market capitalisation stands at Rs 2,07,649.14 crore, making it a key player in the BSE 100 index.