Jefferies cuts IndiGo target price to Rs 6,035 due to business disruption
Global brokerage firm Jefferies has cut its target price on InterGlobe Aviation, the operator of IndiGo, to Rs 6,035 while retaining its ‘Buy’ rating on the stock. The brokerage sees recent operational disruptions and higher costs hitting near-term earnings, but believes IndiGo’s market position and global expansion still justify upside from current levels.
Jefferies has lowered its 12-month price target on IndiGo from Rs 7,025 to Rs 6,035, implying about 26% upside from the previous close of Rs 4,808.35.
The cut comes alongside a steep reduction in FY26–FY28 earnings estimates by 13–53%, though the brokerage has maintained its ‘Buy’ stance, citing the airline’s “proven track record”, disciplined capacity growth, and…
