India's IndiGo slips as oil prices rise

Interglobe Aviation

01/09/2026 06:48

** Shares of India's largest airline IndiGo INGL.NS fall 3.1% to 5,070.5 rupees
** Stock second-biggest loser by percentage on Nifty 50 .NSEI, which is currently flat
** Brent crude LCOc1 up nearly 1% at $91.38 per barrel as of 11:01 a.m. IST, as the resumption of fighting between the U.S. and Iran in the Middle East renews fears of supply disruptions from the world's key crude-producing region MKTS/GLOB
** Higher oil price are a negative for airlines such as INGL; jet fuel makes up the largest expense for carriers
** Avg rating of 24 analysts at "buy"; median PT is 5,800 rupees - LSEG-compiled data
** YTD, stock up 0.23% vs a 7.9% decline in Nifty 50
     
     

 (Reporting by Mridula Kumar in Bengaluru)
 ((Mridula.Kumar@thomsonreuters.com;))