IndiGo Shares Decline as Brokerages Flag Earnings Risks Amid West Asia Tensions

Shares of InterGlobe Aviation, parent of IndiGo, fell over 3 percent following brokerages' warnings about earnings pressure amid ongoing geopolitical tensions in West Asia. UBS and J.P. Morgan cited risks from rising crude oil prices, a weaker rupee, and reduced international air traffic due to military conflicts between the US and Iran. IndiGo canceled over 500 flights to Middle East and other international destinations, with brokerages maintaining a Buy rating but lowering target prices reflecting near-term uncertainties.