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Stock market crash: IndiGo, SBI, Maruti among worst hit amid ongoing sell-off - India Today
Stock market crash: IndiGo, SBI, Maruti among worst hit amid ongoing sell-offIndia Today
IndiGo shares tumble 8% on crude spike, but Kotak upgrades stock to Buy
InterGlobe Aviation shares plunged amid soaring oil prices, with Brent crude exceeding $116 a barrel due to supply disruptions. Despite the market turmoil, Kotak Institutional Equities upgraded IndiGo to Buy, arguing that investors should focus on the escalating losses of competitors rather than oil price volatility.
IndiGo shares drop 8% due to rising oil, but Kotak sees 25% upside
Currently, 27 analysts track InterGlobe Aviation. Of these, 22 have a 'Buy' rating, three recommend 'Hold', while two have a 'Sell' rating.
IndiGo, Air India have more women pilots than global average
IndiGo and Air India report significant female pilot representation, with 17.5% and 16% respectively, exceeding global averages. These figures highlight the growing presence of women in aviation roles, with both airlines also showcasing strong female participation across various departments and leadership positions.
Here's why JPMorgan stays cautions on IndiGo and UBS cut its price target
According to analysts, IndiGo is likely to face continued headwinds from both fuel and non-fuel costs. It also sees limited scope for yield expansion as domestic air traffic remains tepid, while growth in international traffic is beginning to moderate.
West Asia tensions ground IndiGo’s Europe operations
IndiGo has suspended Europe operations due to West Asia tensions and EU safety advisories. Leased Boeing 787s from Norse Atlantic Airways are grounded, affecting flights to London, Manchester, and Amsterdam.
Dipan Mehta on where to invest as metal rally cools
Elixir Equities Director Dipan Mehta said the recent fall in ferrous and non-ferrous stocks reflects broader market weakness after a sharp rally in metal prices, with many positives already priced in. He expects these stocks to deliver market-level returns rather than outperform. Mehta advised investors to focus on large, high-quality companies during the correction, citing Larsen & Toubro, InterGlobe Aviation and Bajaj Finance as examples, while also noting opportunities emerging in select mid-cap sectors.
IndiGo Cancels More Than 500 Flights To Middle East In Past 4 Days Amid Widening Crisis
With airspace curbs in the Middle East due to the conflict involving the US, Israel and Iran, flight services have been significantly impacted since February 28.
IndiGo cancels more than 500 flights to Middle East in past 4 days amid widening crisis
IndiGo has cancelled over 500 flights to the Middle East and select international destinations between February 28 and March 3 due to evolving airspace restrictions over Iran and other Gulf countries. The airline is continuously assessing regional developments to minimize passenger disruption. The Civil Aviation Ministry reported significant cancellations for both Indian and foreign carriers due to the ongoing situation.
Gainers & Losers: Indigo, Paras Defence among 7 big movers on Wednesday
Indian markets tumbled as the Iran-Israel war escalated, dragging energy stocks lower. Nifty and Sensex fell sharply, while select stocks like Coal India and Bajaj Hindusthan Sugar bucked the trend.
IndiGo shares drop 5% on 500+ flight cancellations; SpiceJet slides 8%
Shares of InterGlobe Aviation fell 5% to Rs 4,293, while SpiceJet plunged 8% to Rs 13.95, as the Iran-Israel conflict escalated. Rising crude prices, rupee weakness, and international flight cancellations threaten airline revenues. Geopolitical tensions could persist for weeks. US President Donald Trump warned that both sides have ruled out negotiations, keeping investor sentiment under pressure.
IndiGo shares fall for fourth straight day as airspace restrictions persist due to US-Iran war
IndiGo Airlines, in an exchange filing, said over 500 flights to the Middle East and select international destinations have been cancelled between February 28, 2026 and March 3, 2026.