IndiGo Share Price Today Declines 3% Post Nifty 50 Debut, Time To You Buy Or Sell? Check Target Price

Nifty 50 Rejig Today: Shares of InterGlobe Aviation, parent company of IndiGo airlines fell nearly 3% on their first day as Nifty 50 participants. InterGlobe Aviation shares fell nearly 3% during the early hours of Tuesday's trading session.

IndiGo shares were trading nearly 1.43% lower at Rs 5,625 per share on NSE at 9:59 am, whereas, Max Healthcare shares were trading 0.7% higher at Rs 1,119.7 per share on NSE.
InterGlob Aviation (IndiGo), Max Healthcare, Hero MotoCorp, IndusInd Bank, are among the key stocks impacted due to Nifty 50 rejig today.

IndiGo Share Price Outlook

IndiGo may see some challenges in the near-term because of weakness in demand, as scheduled flights declining nearly 3% year-on-year in the second quarter of financial year 2025-26.

The company may also face tough competition from existing players like Akasa and SpiceJet as they plan to expand their direct international destinations in Asia, competing away premium fares in addition to potential global slowdown in travel due to geopolitics, tariff uncertainty and increased visa restrictions, according to Nuvama's report on IndiGo share price.

IndiGo Share Price Recommendation

The brokerage has kept 'Hold' rating for IndiGo share price and fixed a target price of Rs 428 per share. "Near-term outlook looks challenging on demand weakness. Current valuations are unsupportive (1.6-2.1x versus peers), but positive factors make risk-reward balanced. We keep estimates unchanged with no change in TP at INR5,428; 'HOLD'," noted the brokerage in its report.

According to Nuvama Institutional Equities another report, NSE Nifty 50 index rejig today is likely to draw nearly $1 billion in passive flows. IndiGo airlines will be one of the new entrants of the Nifty 50. Additionally, Max Healthcare is another company set to become a part of the Nifty 50. The two companies will replace IndusInd Bank and Hero MotoCorp.

IndiGo is projected to draw approximately $545 million, which is 4.9 times its average daily traded volume. Max Healthcare might see an inflow of $372 million, as noted by Nuvama Institutional Equities on September 25.

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