Flaring crude oil price, entry of new players to hit IndiGo: Analysts

InterGlobe Aviation (IndiGo) shares dropped nearly 4 per cent in Monday’s intra-day trade after flaring Brent crude oil prices and over-supply situation in the aviation industry worried Street.

In the last one week alone, Brent crude oil prices have surged over 6 per cent to around $79 per barrel mark. That apart, the stock's outperformance over the past few weeks also dented sentiment.

Over the past six months, IndiGo has surged over 31 per cent on the BSE as against a 20 per cent rise in the S&P BSE Sensex. From the March 2020 low of Rs 800, the stock