IndiGo shares rise 2% after Q2 loss narrows to ₹1,879 crore
In short
IndiGo shares rose 2% after the airline said its Q2 loss narrowed to Rs 1,879 crore from a year earlier. The report says high fuel costs and a weaker rupee still hurt profits.
This matters because brokerages still see upside, but they cut their target prices. The story does not give revenue, passenger numbers, or the full recovery picture.
What the reporting says
IndiGo shares gained 2% after the airline reported a year-on-year Q2 loss of Rs 1,879 crore that was narrower than before. The publisher-supplied summary says profitability stayed under pressure from elevated fuel costs and rupee depreciation, while Jefferies kept a Buy rating and Nuvama also stayed Buy with lower target prices. The reporting does not say how much revenue, passenger volumes, or cost trends changed.
Why it matters
IndiGo shares rose 2% after the airline reported a narrower year-on-year Q2 loss of Rs 1,879 crore. The summary says elevated fuel costs and rupee depreciation continued to pressure profitability. Jefferies kept a Buy rating but cut its target to Rs 5,650, while Nuvama also maintained Buy with a revised target of Rs 5,435. The source does not provide fuller financial details or the pace of recovery.