IndiGo Shares Climb 3% as Operations Stabilize; Brokerages Bullish

• IndiGo shares rose for the third consecutive session, gaining about 3% as operations stabilized after recent disruptions.
• The airline faced pressure and cancelled flights due to new Flight Duty Time Limitation (FDTL) norms for pilots.
• Brokerages like HSBC, UBS, and Jefferies maintained 'Buy' ratings on IndiGo, despite cutting target prices due to operational headwinds.
• Analysts noted that while FDTL norms caused disruptions and increased staff costs, IndiGo's structural growth story and cost advantage remain intact.

Why It Matters: It reveals how regulatory changes impact airline operations and investor outlook.