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INDIGO Interglobe Aviation News Story

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India's IndiGo falls; Airbus delays jet deliveries to airline, report says

BUZZ-India's IndiGo falls; Airbus delays jet deliveries to airline, report says 

** Shares of IndiGo INGL.NS fall 1.7% to 4,403.9 rupees

** Bloomberg News reports budget carrier IndiGo unlikely to receive full batch of nine Airbus AIR.PA A321XLR units this year

** Report says time frame on some units pushed back by several months as Middle East war hits the planemaker's supply chain

** IndiGo did not immediately respond to a Reuters request for comment

** INGL trades at forward 12-month PE of 32.96 vs industry median of 19.34 - LSEG data

** Twenty of 24 brokerages rate the stock "buy" or higher; their median PT is 5,210 rupees

** YTD, INGL down 11.4% vs 10.6% fall in Nifty 50 Index .NSEI


(Reporting by Abhinav Parmar)

((Abhinav.Parmar@thomsonreuters.com;))

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