Analysts warn of up to 16% further downside for IndiGo amid operational turmoil

Mumbai: Investor sentiment toward InterGlobe Aviation (Indigo) has turned sour, with the stock falling over 7% in the previous five trading sessions in the wake of the recent flight cancellations that disrupted operations. Analysts said further stock declines of as much as 16% are possible if the mass cancellations continue.

Indigo’s shares fell 2.4% to close at ₹5,461.50 on Thursday. The stock has tumbled 7.4% over the last five sessions, while the benchmark Nifty declined 0.8% during the same period.