IndiGo shares jump 4% as brokerages bullish despite Q4 loss; investors look past temporary factors- Grow Mudra

IndiGo shares jump 4% as brokerages bullish despite Q4 loss; investors look past temporary factors

01 Jun , 2026 By : Debdeep Gupta

Shares of InterGlobe Aviation Ltd., the parent of IndiGo, rose nearly 4 percent in early trade on Monday as investors looked past the airline's fiscal fourth quarter loss and focused on positive commentary from brokerages. Most analysts retained Buy ratings and highlighted the carrier's long-term growth prospects.

IndiGo shares were trading at Rs 4,578.40 in early morning trade, up 3.9 percent from the previous close. The stock had ended Friday's session 3.3 percent lower at Rs 4,420 ahead of the company's quarterly earnings announcement.

The rally came after several brokerages reiterated bullish views on IndiGo stock despite the airline reporting a net loss of Rs 2,536 crore for the January-March quarter.

Despite the weak earnings, major brokerages including Jefferies, Goldman Sachs, Bank of America, Kotak Institutional Equities and Motilal Oswal Financial Services retained Buy ratings on the stock. Their target prices range between Rs 5,100 and Rs 5,600 per share, implying potential upside of as much as 27 percent from the previous close.

Analysts largely attributed the quarterly loss to temporary factors such as foreign exchange losses, geopolitical disruptions and aircraft groundings, while remaining constructive on IndiGo's growth outlook.

IndiGo's March-quarter results were weighed down by a foreign exchange loss of Rs 4,823 crore, compared with a forex gain of Rs 137 crore a year earlier. The airline also reported nearly Rs 250 crore of exceptional charges linked to the implementation of India's new labour codes.

Revenue for the quarter rose 1.3 percent year-on-year to Rs 22,438 crore, while capacity increased 3.4 percent to 43.6 billion available seat kilometres. The airline ended FY26 with a fleet of 441 aircraft and a cash balance of Rs 51,651 crore.

Despite Monday's rebound, IndiGo shares remain down more than 14.1 percent over the past one year, underperforming the Nifty 50's decline of about 4.4 percent during the same period. The airline currently commands a market capitalisation of around Rs 1.8 lakh crore.