IndiGo operator InterGlobe Aviation shares rise 1.5%, Goldman Sachs and Kotak slash target prices

InterGlobe Aviation (IndiGo) shares rose 1.5% despite an 18.3% drop in Q3 profit due to forex losses. Brokerages Goldman Sachs, Kotak, and UBS maintained bullish outlooks but lowered target prices. Revenue grew 14%, driven by increased capacity and passenger traffic. Operational metrics improved, though rising costs impacted profitability. IndiGo's fleet size reached 437 aircraft.