IndiGo shares remain resilient amid CEO transition. InterGlobe Aviation stock climbed 3 percent in early trade Wednesday despite CEO Pieter Elbers' resignation, with co-founder Rahul Bhatia assuming interim leadership. The stock touched an intraday high of 4,512.90 rupees before trading flat at 4,401.40 rupees. Major brokerages including Jefferies, HSBC, and UBS maintained buy ratings, with Jefferies setting the highest target at 6,140 rupees. Analysts view the leadership change as a smooth transition with limited operational impact, citing IndiGo's strong founder oversight and historical precedent for stable handovers. However, near-term risks include West Asia disruptions, crude oil volatility, and clarity on permanent CEO appointment timing.
