IndiGo Share Price Target: The share price of BSE Sensex-listed stock InterGlobe Aviation, also known as IndiGo, is expected to trade after its Q4 results are reported. Brokerage firms such as Goldman Sachs, Elara Capital, and Motilal Oswal have maintained a positive stance on the stock, despite a weak quarter reported by the company.
The aviation company reported a net loss of Rs 2,536 crore in the fourth quarter of FY26, compared to a net profit of Rs 3,067 crore in the same quarter of the previous year. Revenue from operations rose marginally by 1 per cent to Rs 22,438 crore.
Created with AI. Errors are possibleElara Capital Maintains BUY
The brokerage highlights that the stock has fallen around 25 per cent over the past six months due to flight duty disruption rules, Middle East geopolitical tensions, higher crude oil prices, and rupee weakness.
Despite near-term volatility, Elara Capital points to structural capacity shortages supporting pricing power, with domestic advance fares up nearly 17 per cent year-on-year and international fares up around 40 per cent year-on-year.
Goldman Sachs Sees 18 per cent Upside
InterGlobe Aviation remains a BUY with a target price of Rs 5,200 from Goldman Sachs, implying an upside potential of 18 per cent.
The brokerage notes that the Q4 pre-tax loss of Rs 21 billion came in better than the estimated Rs 35.9 billion. Operating costs excluding forex were lower than expected, with supplementary rentals and airport fees emerging as positives.
Additionally, the outlook remains cautious due to elevated costs, although the sector continues to show balance sheet stress outside IndiGo. Valuation remains unchanged at 10x FY28 EV/EBITDAR.
Motilal Oswal Maintains Bullish Call
Motilal Oswal retains a BUY rating on InterGlobe Aviation with a target price of Rs 5,600, implying an upside potential of around 27 per cent.
Motilal Oswal notes that Q4FY26 performance was impacted by Middle East disruptions and significant forex losses.
It also highlights that around 160 daily international flights were cancelled during the conflict, with normalisation expected by the end of June 2026.
However, the fleet rose to 441 aircraft, though Pratt & Whitney engine grounding persists, supported by strong liquidity of Rs 516 billion and expansion via A321XLR Europe routes.
| Brokerage | IndiGo Share Price Target | Upside% |
| Elara Capital | Rs 6,020 (BUY) | ~37% |
| Goldman Sachs | Rs 5,200 (BUY) | ~18% |
| Motilal Oswal | Rs 5,600 (BUY) | ~27% |
The stock, with a market capitalisation of Rs 1,70,358.70 crore, closed 3.6 per cent lower, down Rs 162.05 at Rs 4,405.95.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
