Brokerage firm Investec maintained its sell rating on the stock with a target price of Rs 4,050 per share.
The sharp rally reflected expectations of increased travel and tourism activity following the de-escalation, with aviation and hospitality sectors seen as key beneficiaries.
Indigo plans to initially operate six flights a week, with plans to increase frequency to daily services from March 30, 2025.
As many as 1,711 shares advanced, 1,688 declined and 127 shares remained unchanged on June 28.
About 2,089 shares advanced, 1,531 declined, and 125 shares remained unchanged on June 12
The appointment comes a day after Interglobe's incumbent CFO Jiten Chopra resigned from his position.
Tata buying Air India and rivals deploying more capacity can hit IndiGo’s market share but will unlikely pose a threat to the stock, at least in the near term, say analysts
IndiGo is in touch with Pratt & Whitney and CFM International Inc. to place orders for engines that would power about 150 new Airbus SE A320neo jets.
The coronavirus is hurting passenger airlines that are staring at a revenue loss of over $100 billion this year, an industry body has warned.
"We expect the range for Nifty to be between 10,600 to 10,400 levels, but we may consolidate here for a while before going higher. For Bank Nifty, this range is seen at 25,000 - 25,400," says Mustafa Nadeem, CEO at Epic Research.
" On the weekly scale, Indigo has taken support around its 50-DMA and bounced back with moderate volume, which suggests that the stock has made a temporary bottom around Rs 1190 levels," says Abhishek Mondal of Guiness Securities.
Deepak Shenoy of Capitalmind.in is of the view that SpiceJet is more attractive valuation wise as compared to Jet Airways and Interglobe.
The low-cost airline will submit its IPO prospectus with the Indian regulators on Thursday and the indicative price band for the offering is likely to be firmed up next week, sources said
Confident about a revival in the IPO market, regulator Sebi's chairman U K Sinha has said companies and their merchant bankers have become much more responsible with pricing and a strong pipeline is building up for the public offers.
No-frills carrier IndiGo is facing multiple litigations, including those related to income and service tax, involving an amount of at least Rs 1,114 crore.