Airline IndiGo shines as oil prices cool

Interglobe Aviation

27/07/2026 07:34

** Shares of IndiGo INGL.NS climb 4.7% to 5,219 rupees
** Oil prices drop after the U.S. and Iran pause fighting 
** Brent crude LCOc1 falls 6.2% to $90.71 per barrel
** INGL second-biggest pct gainer on Nifty 50 .NSEI, which is up 0.8%
** Jet fuel typically represents the largest expense for airlines, with any spike in crude weighing on their margins
** INGL posted a Q1 loss last week mainly due to an 86% surge in fuel costs
** Avg rating of 25 analysts on INGL at "buy"; median PT is 5,800 rupees - LSEG-compiled data
** YTD, stock up 3.2% vs Nifty 50's 8.3% drop


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))