INDIGO

InterGlobe Aviation, which operates IndiGo, fell approx 3% after global brokerage Morgan Stanley cut its target price by 9% to ₹5,913 from ₹6,498 earlier. Indian aviation stocks are currently under pressure due to rising crude oil prices, softer demand, and a weakening currency. The brokerage expects a subdued first half of FY27 (April–March) for InterGlobe Aviation, followed by a gradual recovery in the second half, supported by structural cost advantages. The stock slipped to an intraday low of ₹4,510 on the National Stock Exchange of India, down 2.82%, and has now declined over the past two trading sessions.