Avoid IndiGo Shares Now, Strategist Says Amid Regulatory Probe

• IndiGo shares are down over 16.3% in the last month due to mass flight cancellations in early December.
• A strategist advises against buying IndiGo shares now, citing significant regulatory risk following the disruptions.
• The Competition Commission of India is reportedly investigating IndiGo for potential norm violations.
• IndiGo faces an estimated ₹500 crore in damages to customers, and its market cap has eroded by $5 billion.
• Despite concerns, 21 out of 26 analysts still have a 'buy' call on Interglobe Aviation stock.

Why It Matters: It provides crucial insights for investors considering IndiGo shares.