IndiGo shares hit 52-week low amid West Asia tensions. InterGlobe Aviation's stock plunged over 8 percent as geopolitical conflict drove crude oil prices higher, intensifying concerns about jet fuel costs and airline profitability. The aviation sector faces significant headwinds from volatile fuel spreads and potential airspace disruptions. However, major brokerages see opportunity in the weakness. Kotak Institutional Equities upgraded the stock to buy with a target price of 5,500 rupees, citing IndiGo's relative strength compared to struggling competitors. The brokerage emphasized that while near-term pressures from fuel costs remain concerning, investors should focus on the mounting losses at rival airlines. Emkay Global also maintained a buy rating, suggesting confidence in long-term recovery prospects.
