IndiGo shares sink 3% after Rs 238 crore Q1 loss, but why are Citi and Nuvama raising target prices?

July 24, 2026

InterGlobe Aviation (IndiGo) reported a Q1FY27 net loss of Rs 238 crore as soaring fuel costs pushed expenses ahead of revenue growth. Despite the earnings miss, brokerages including Citi and Nuvama retained their ‘Buy’ ratings and raised target prices, citing strong yields, pricing power, disciplined capacity expansion and long-term growth prospects driven by international expansion.

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