Indigo Stock Plummets: Analysts Split on Buy/Sell Amidst Flight Chaos, DGCA Notice

• InterGlobe Aviation (Indigo) shares fell nearly 9% on Dec 8, marking the seventh consecutive daily decline and over 15% drop in December.
• The stock closed below ₹5,000 on Dec 8, its lowest in seven months, leading to a market cap reduction of over ₹37,000 crore.
• The decline is attributed to new FDTL rules, the company's inability to adapt, and over 2000 flight cancellations in six days.
• DGCA issued a show-cause notice to Indigo's CEO Pieter Elbers regarding flight disruptions.
• UBS and Jefferies recommend 'Buy' with targets of ₹6,350 and ₹7,025 respectively, while JM Financial suggests 'Reduce' with a target of ₹5,570.

Why It Matters: Mixed analyst views on InterGlobe Aviation stock after flight cancellations and regulatory scrutiny.