IndiGo Stock Tumbles 2% Following Morgan Stanley's Revised Target Price Amid Crude Oil Price Surge

Morgan Stanley Lowers IndiGo Target Price Amid Industry Pressures

Shares of InterGlobe Aviation, the parent company of IndiGo, experienced a decline of approximately 3 percent following a decision by global brokerage Morgan Stanley to lower its target price on the stock. The brokerage reduced its target price by 9 percent to Rs 5,913, down from the previous target of Rs 6,498.

The sharp decline in the stock price comes as Morgan Stanley reported that Indian airlines are facing significant pressure due to a rapid increase in crude oil prices, weakening demand, and currency depreciation. According to a report by NDTV Profit, the brokerage expects a weak first half of the fiscal year 2026-27 (April–March) for InterGlobe Aviation, followed by a gradual recovery in the second half.

The company's stock fell to an intraday low of Rs 4,510 per share on the National Stock Exchange, representing a decline of 2.82 percent. This marks the second consecutive trading session in which the stock has declined.

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| Comparison of InterGlobe Aviation's Stock Price | | --- | --- | | Previous Target Price | Rs 6,498 | | New Target Price | Rs 5,913 | | Decline in Target Price | 9% | | Decline in Stock Price | 3% | | Intraday Low | Rs 4,510 | | Percentage Decline | 2.82% |