Analyst warns: 'Don't buy IndiGo shares yet' despite 20% drop.

• IndiGo's parent company, InterGlobe Aviation, has seen its shares drop over 16% in the last month and 20% in a month.
• Raymond James' Chief Market Strategist advises against buying IndiGo shares due to regulatory risks, despite the recent price fall.
• The share decline follows mass flight cancellations in early December, leading to passenger chaos and regulatory scrutiny by the CCI.
• IndiGo faces an estimated financial burden of 500 crore rupees for passenger compensation and has seen its market cap reduce by $5 billion.
• Despite warnings, 21 out of 26 analysts still recommend 'Buy' for IndiGo, with UBS setting a 31% higher target price.

Why It Matters: IndiGo shares face investment risk from operational problems and regulatory scrutiny.