Goldman sees weak Q1 for India's IndiGo, shares drop
ReutersJul 3, 2025 10:14 AM
Shares of India's InterGlobe Aviation INGL.NS, which operate airline IndiGo, closes 3.2% lower at 5766 rupees
Goldman Sachs sees weak Q1, expect yields to fall 4% sequentially
Lists India-Pakistan border conflict, Ahmedabad Air India plane crash and Middle East tensions as likely "disruptions" for Q1
Brokerage notes benign oil prices to partially offset weak Q1, but says price surges in June to impact Q2
Adds that consistent new plane deliveries, easing on-ground issues to boost co's international expansion plans while competitors falter
GS' PT 6,000 rupees, stock's median PT is 6,337.50 rupees - data compiled by LSEG
YTD stock up 27%
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