IndiGo soars 10% post Q3 nos; analysts upgrade stock, see up to 38% upside

Shares of InterGlobe Aviation – parent company of low-cost airline IndiGo – zoomed 10.58 per cent to Rs 2,183 per share on the BSE in intra-day trade on Monday, after the airline posted its first-ever net profit in nearly two years in Q3FY22. They ended 9.9 per cent higher at Rs 2,170 per share as against 1.7 per cent fall in the S&P BSE Sensex.

India's largest airline IndiGo swung back into profit, posting a PAT of Rs 129.79 crore in the December quarter, after registering seven consecutive quarters of loss. This was primarily driven by higher revenue and yields.