IndiGo Shares Drop 3% Amid West Asia Tensions; Brokerages Flag Earnings Pressure

• InterGlobe Aviation (IndiGo) shares fell over 3% intraday, ending 2.28% lower, due to West Asia tensions.
• Brokerages J.P. Morgan and UBS flagged higher fuel costs, reduced international air traffic, and rupee depreciation as earnings risks.
• UBS retained a 'buy' rating but cut IndiGo's target price by 13% to Rs 5,480, citing sensitivity to US-Iran conflict.
• IndiGo cancelled over 500 flights to West Asia and other international destinations multiple times due to hostilities.
• HSBC analysts estimate a Rs 32 crore profit before tax loss for IndiGo if flight cancellations persist for 7 days.