IndiGo Shares Volatile After Q1 Miss

  Published 11 months ago

IndiGo shares swung in early trade as Q1 profit dropped on forex losses and revenue growth slowed post regional disruptions.

  • Emkay Research noted Q1 revenue and core profit missed estimates due to 4% lower-than-expected yields.
  • Despite the miss, Emkay raised the target price by 8% to Rs 6,500, citing strong market position and global expansion.
  • IndiGo stock is up ~26% YTD; analysts maintain "buy" with Rs 6,500 median target, per LSEG data.

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