IndiGo stock nosedives 12% after Q2 net loss; brokerage remain bullish

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[{"selector":"#anim-0be3db7c-5131-49fe-8fce-4c202053e2b1","keyframes":{"opacity":[0,1]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f0520615-d50e-4b3b-bc8e-6990d4f71b79","keyframes":{"transform":["translate3d(0px, -2478.63241%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e3b17681-7f64-4d89-9b3d-665b7aa61787","keyframes":{"opacity":[0,1]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ed065009-8312-42e3-80cf-548060119074","keyframes":{"transform":["translate3d(0px, -2686.32461%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1eced0af-9bf8-4c40-af0f-5e06b6ffec71","keyframes":{"opacity":[0,1]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-733de2bb-72fe-44dc-9de2-c4262566160a","keyframes":{"transform":["translate3d(0px, -263.61568%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Kotak Institutional Equities has issued a 'buy' call on IndiGo, setting a target price of Rs 5,200 per share. The brokerage noted a sharp miss in the second quarter's profit before tax (PBT), primarily due to aircraft groundings, related compensation, and unexpected fuel inflation.

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