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IndiGo Stock Hits 52-Week Low as Goldman Sachs Slashes Earnings Forecast by 6%

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IndiGo Shares Plummet 6% to 52-Week Low as Goldman Sachs Slashes Earnings Estimates

IndiGo Shares Plummet 6% to 52-Week Low as Goldman Sachs Slashes Earnings Estimates

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CNBC TV18•23-03-2026, 11:52

IndiGo Shares Plummet 6% to 52-Week Low as Goldman Sachs Slashes Earnings Estimates

•InterGlobe Aviation Ltd. (IndiGo's parent) shares fell nearly 6% to a new 52-week low on March 23.
•Goldman Sachs sharply cut IndiGo's earnings estimates for FY26, FY27, and FY28 due to higher fuel costs and weak Middle East traffic.
•Despite cuts, Goldman Sachs maintained a 'buy' rating with a price target of ₹5,200, indicating a 25% upside.
•Elevated oil prices, with Brent crude at $113 per barrel, and the ongoing West Asia conflict contribute to cost pressures.
•Ministry of Civil Aviation withdrew temporary domestic airfare caps, returning to market-driven pricing.

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