IndiGo shares drop 2% as Goldman Sachs cuts target price by 13%. Check new target, upside potential

InterGlobe Aviation shares dipped after Goldman Sachs reduced its target price by 13.3% to Rs 5,200, citing rising fuel costs and Middle East traffic weakness. The brokerage maintained a Buy call, highlighting potential market share gains for IndiGo amid industry consolidation and the airline’s strong net cash position.