India's IndiGo hits 3-month high as oil plunges

Interglobe Aviation

15/06/2026 05:39

** Budget carrier IndiGo INGL.NS shares rise 4.3% to 4,911.9 rupees, at highest level since Feb 26
** Among top gainers on Nifty 50 Index .NSEI, which is up 1.4%
** Oil prices fall after U.S. and Iran agree on a framework to end their war; Brent crude futures down 4% at $83.75 a barrel
** Jet fuel typically represents largest expense for airlines, sometimes making up as much as 40% of their operating costs
** INGL trades at forward 12-month PE of 35.9 vs industry median of 19.1
** 20 of 24 brokerages rate INGL "buy" or higher; median PT is 5,277.5 rupees - data compiled by LSEG
** YTD, stock down 2.9% vs 8.3% fall in Nifty 50

(Reporting by Abhinav Parmar in Bengaluru)
((Abhinav.Parmar@thomsonreuters.com;))