📰 IndiGo Parent InterGlobe Aviation Rises for Third Day as Operations Stabilise

Shares of InterGlobe Aviation, the parent of IndiGo, climbed for the third consecutive session on Monday as airline operations showed early signs of stabilisation after days of disruption. On the National Stock Exchange, the stock rose 2.35% to ₹4,974.50, touching an intraday high of ₹5,014. Over the last three sessions, the scrip has gained about 3%. IndiGo had faced pressure from passengers and regulators after hundreds of flight cancellations, triggered by changes in Flight Duty Time Limitation (FDTL) norms for pilots. Brokerage Outlook HSBC maintained a Buy rating, cut TP to ₹5,977, citing intact structural growth despite near-term headwinds UBS retained Buy, lowered TP to ₹6,350, flagged inadequate preparedness for FDTL changes Jefferies reiterated Buy with a TP of ₹7,025, noting IndiGo was the most impacted due to duty-hour cuts, capacity expansion and operational congestion HSBC estimates staff costs could rise by ~₹45 crore to ₹90 crore due to the revised norms, but believes reputational impact—especially internationally—will be temporary. #IndiGo #InterGlobeAviation #StockMarketNews #AviationSector #BrokerageView #IndianStocks #MarketUpdate