Indigo Shares Crash Over 8% After Reporting Q2 Loss - Here's What Analysts Recommend

Indigo shares fell over 8% to Rs 4,012.75 following a net loss of Rs 987 crore for Q2 2024, down from a profit of Rs 189 crore last year. Despite a 14% revenue increase, Kotak Securities maintained a 'Buy' rating, citing temporary challenges and a high fuel consumption impacting earnings.