IndiGo Share Price Rises 1.82% to Rs. 5,739.50 on Market Optimism Despite Quarterly Loss

Overview

• IndiGo share price rose over 3% as the airline upped its FY26 capacity growth guidance despite widening quarterly losses.

• Brokerages like Motilal Oswal and PL Capital maintained Buy ratings with targets between Rs. 6,300 and Rs. 7,300.

• Analysts expect strong demand recovery on the back of capacity expansion, efficient operations, and India's rising air travel market.

IndiGo parent, InterGlobe Aviation, jumped more than 3% in early trade on Thursday, November 6, after the company posted its quarterly results for Q2 FY26. The airline's shares gained despite reporting a steep quarterly loss due to IndiGo announcing a higher capacity growth target for this financial year, as it is confident of long-term demand recovery.

IndiGo Share Price Performance

IndiGo share price has risen to Rs. 5,739.50, which is 1.82% higher than the previous close of Rs. 5,637. It opened at Rs. 5,750 and soared intraday to a high of Rs. 5,833.50 and a low of Rs. 5,682. Volume traded stood at 1.78 million shares, much higher than the 20-day average volume of 600,000, reflecting the heightened activity in the market.

IndiGo share price chart shows gains of 1.49% as of 1.50 PM:

This takes the market capitalization of the company to around Rs. 2.22 lakh crore. It recorded a 52-week high of Rs. 6,232.50 and a 52-week low of Rs. 3,830. In 2025, it is up over 26% year-to-date.

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IndiGo Q2 Results: Loss Widens but Revenue Grows

IndiGo stock posted a net loss of Rs. 2,582 crore for the July-September quarter of FY26 as against Rs. 987 crore in the corresponding period of last year. The wider loss was mainly due to the impact of foreign exchange fluctuations and a sharp upsurge in operating costs.

However, excluding forex-related losses, the aviation giant reported a net profit of Rs. 104 crore, from a loss of Rs. 754 crore in the year-ago period, an indication of underlying business strength.

Revenue from operations increased by 9.3% YoY to Rs. 18,555 crore, aided by strong passenger demand and higher yields. Total expenses jumped 18.3% to Rs. 22,081 crore, with foreign exchange losses alone increasing twelvefold to Rs. 2,892 crore.

Brokerage Views: Optimism Despite Short-Term Pressure

Leading brokerages remain bullish on IndiGo share price’s long-term prospects despite near-term profitability challenges.

Motilal Oswal Financial Services maintained the ‘Buy’ rating with the target price of Rs. 7,300 per share, representing an upside potential of almost 30%. The brokerage noted that while near-term earnings were impacted due to forex volatility and rising operating costs, IndiGo’s capacity addition decision, particularly in international routes, will support future growth while spreading currency exposure risk. With top brokerages setting price targets between Rs. 6,300 and Rs. 7,300, the airline remained a strong buy-on-dips candidate in India’s aviation space.

Similarly, PL Capital maintained a ‘Buy’ rating with a target price of Rs. 6,332, offering an upside potential of 12% from the current levels. It has projected a 12% CAGR in sales and 11% CAGR in EBITDAR over FY25–27, referring to stable pricing and capacity growth in the early teens.

Both companies nevertheless warned that volatile aviation turbine fuel prices and movements of the exchange rate continue to pose risks to the stock.

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Should You Buy, Sell, or Hold IndiGo?

Analysts see IndiGo as one of the strongest players in India's aviation sector, with its large market share, efficient cost structure, and expanding international presence. The company has upgraded the capacity growth guidance for FY26 from low double digits to mid-teens, displaying confidence in rising passenger demand and long-term growth prospects.

In the short run, earnings may continue to face pressure due to forex losses and increased costs, but the long-term view looks strong on the ever-growing Indian air travel market, supplemented by IndiGo's strategic fleet expansion.

Analysts suggest that investors with a medium- to long-term horizon hold or accumulate the stock on dips, with potential upside once cost pressures ease and capacity expansion starts yielding returns.

FAQs

1. Why did IndiGo share price rise today?

IndiGo stock increased by more than 3% after it increased capacity growth guidance for FY26, showing a commitment to the long-term recovery of demand. The company reported a loss of Rs. 2,582 crores in Q2. While that wasn't positive for analysts, the initiative regarding capacity growth reassured that there is still significant potential for growth and, in time, profit.

2. What caused IndiGo Q2 FY26 losses to widen?

IndiGo's loss of Rs. 2,582 crores in Q2 was driven mainly by forex losses, as well as increased operating costs. However, on a standalone basis, IndiGo generated a profit of Rs. 104 crores after removing the impact of forex, meaning that at its core it has not been affected and is still performing well.

3. What did analysts suggest for IndiGo share price future performance?

Brokerages, such as Motilal Oswal and PL Capital, are bullish on IndiGo shares’ long-term growth potential and acknowledge its plan for a combination of international expansion and capacity growth. They raised target prices from Rs. 6,000 and have target prices of between Rs. 6,300 and Rs. 7,300 per share.

4. Is IndiGo stock a good buy right now?

Generally, analysts are recommending holding IndiGo stock or buying on dips. The stock has significant upside potential, but it still faces short-term challenges due to high fuel prices and foreign exchange volatility. Overall, IndiGo has been successful, holds a strong market position, and has an environment that fosters performance well. With time, this could be a good long-term investment for your portfolio.

5. How did IndiGo stock perform in 2025?

IndiGo's stock gained more than 26% in 2025, compared to its aviation company peers in the broader aviation sector. The airline stock reached a 52-week high of Rs. 6,232.50, driven by better yields, robust passenger demand, and wider optimism around future growth.