IndiGo shares rise 3% as brokers lift targets after Q2 loss
In short
IndiGo shares rose 3% after broker calls turned more positive on pricing power and margins. Management talked about concerns on yields and non-fuel costs.
Jefferies still warned that earnings are very sensitive to fuel prices and cut its FY27 and FY28-FY29 EPS estimates by 9% and 2%. The report does not say IndiGo’s loss size or the new target prices from Nomura and HSBC.
What the reporting says
IndiGo shares jumped 3% after broker commentary on pricing power and margins, even as management addressed worries about yields and non-fuel costs. Jefferies said earnings remain sensitive to fuel prices and cut its FY27 and FY28-FY29 EPS estimates by 9% and 2%. The reporting does not give IndiGo’s loss figure or the new target prices from Nomura and HSBC.
Why it matters
IndiGo shares rose despite a second-quarter loss, helped by broker views that pricing power and margins may support the stock. Management discussed concerns about yields and non-fuel costs, while Jefferies warned earnings remain sensitive to fuel prices and lowered EPS estimates for FY27 and FY28-FY29. The available reporting does not state the loss amount or the revised target prices from Nomura and HSBC.