InterGlobe Aviation Limited shares rose 4.88% to ₹5,695 on India’s National Stock Exchange (NSE) at 1:40 a.m. ET (12:10 p.m. IST) Nov. 11, leaving Motilal Oswal Financial Services Ltd.’s reported ₹6,000 target 5.4% higher.
The gain was ₹265 from the previous close of ₹5,430. NSE data showed the Nifty 50 up 1.30% at the same snapshot; both readings were intraday. InterGlobe Aviation operates IndiGo.
For the quarter ended Sept. 30, 2026, the airline’s consolidated loss narrowed to ₹18.791 billion from ₹25.821 billion a year earlier. Revenue from operations rose 25.9% to ₹233.638 billion, while fuel expense increased 67.2% to ₹99.668 billion. The company cited higher fuel costs and rupee depreciation as pressures on profitability.
IndiGo carried 27.5 million passengers during the quarter, down 4.7% year over year, while passenger yield rose 34.3%. CEO Willie Walsh said capacity reductions and yield management supported revenue but offset only part of the higher costs.
An excerpt posted Oct. 30 and attributed to Motilal Oswal Financial Services Ltd. listed a buy rating and a ₹6,000 target. The excerpt says the brokerage expects expensive fuel and a weaker rupee to constrain near-term margins.
IndiGo expects available seat kilometers, its measure of capacity, to grow in the early single digits year over year in fiscal 2027’s third quarter.
