India's IndiGo rises; taps rival Air India Express chief as strategy head

Shares of IndiGo INGL.NS rise 3% to 4,061.40 rupees

Set to snap three sessions of losses

INGL tracks gains in broader market recovery, after U.S. President Donald Trump postponed the bombing of Iran's power grid

Market leader also appointed Aloke Singh as its chief strategy officer, weeks after the airline announced the departure of CEO Pieter Elbers

Singh served at the helm of IndiGo's rival, Air India Express for five years. He will join INGL on April 6

Twenty three analysts have a "buy" rating on avg; median PT is 5,770 rupees - data compiled by LSEG

YTD, INGL down ~20%