By BullScreen Editorial Team 
Shares of InterGlobe Aviation, the parent company of IndiGo, climbed nearly 4% in early trading on Monday as investors shifted focus away from the airline’s fourth-quarter loss and instead reacted positively to strong brokerage commentary and long-term growth expectations.
IndiGo stock was trading at Rs 4,578.40 in morning trade, up 3.9% from the previous close. The rebound came after the stock had declined 3.3% on Friday ahead of the company’s earnings announcement, closing at Rs 4,420.
The market reaction followed a series of bullish views from major brokerages despite the airline reporting a net loss of Rs 2,536 crore for the January-March quarter. Firms including Jefferies, Goldman Sachs, Bank of America, Kotak Institutional Equities and Motilal Oswal Financial Services maintained their Buy ratings on the stock.
Brokerage target prices ranged between Rs 5,100 and Rs 5,600 per share, suggesting potential upside of up to 27% from previous closing levels. Analysts said the weak quarterly performance was driven largely by temporary issues rather than structural concerns.
IndiGo reported a foreign exchange loss of Rs 4,823 crore during the quarter, compared with a gain of Rs 137 crore a year earlier. The company also recorded nearly Rs 250 crore in exceptional charges related to India’s new labour code implementation.
Despite the earnings pressure, revenue increased 1.3% year-on-year to Rs 22,438 crore, while capacity expanded 3.4% to 43.6 billion available seat kilometres. IndiGo ended FY26 with a fleet of 441 aircraft and a cash balance of Rs 51,651 crore, reflecting financial strength and operational scale.
Although IndiGo shares are still down more than 14% over the past year and have lagged the Nifty 50, investors appear to be focusing on the airline’s growth strategy and strong market position rather than temporary headwinds.