India's IndiGo rises after oil prices fall after US-Iran ceasefire

Interglobe Aviation

08/04/2026 05:17

** Shares of IndiGo parent InterGlobe Aviation INGL.NS rise 9.8% to 4688 rupees, hitting its highest since Feb 27

** Oil fell below $100 per barrel ‌on Wednesday after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran that was subject to the immediate and safe reopening of the Strait of Hormuz

** Brent futures fell $14.51, or 13.3%, to $94.76 a barrel at 0330 GMT, ​while WTI slid $17.16, or 15.2%, to $95.79 a barrel

** IndiGo trades at a forward-12-month PE ratio of 22.57 vs industry median of 16.80

** Twenty of 24 brokerages rate the stock "buy" or higher; their median PT is 5,500 rupees

** YTD, INGL down 7.2%

 (Reporting by Abhinav Parmar in Bengaluru)

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