138,000 crore rupees in block trading volume for Indigo stock; Gangwal family exports large chunks, brokers offer mixed vision
Indigo’s parent Interglobe Aviation Ltd’s shares were sold in large quantities in early trade on Tuesday, down 4.49% to the NSE price of Rs 5,230.50. This drop comes after a huge deal of Rs 137,899 crore, which is the biggest we have seen. The Gangwal family, long-time sponsor of India’s largest airline, reportedly sold some of its shares as part of the deal.
GANGWAL family takes 5.7% stake in Indigo through Block Deal
There are speculations that the block executes at floor price of Rs 5,175 per share, a 4.5% discount from Monday’s closing price. Rakesh Gangwal and Chinkerpoo Family Trust reportedly sold 5.7% of the airline worth approximately $1.36 billion. At the end of the March quarter, the GANGWAL family had 13.53%.
Despite YTD’s outstanding performance, stock slopes for a large number of sales triggers
Despite being sold out on Tuesday, Indigo shares have risen 18% so far in 2025 and nearly 28% in the past six months. The stock momentum has been very strong lately, which is caused by very strong Q4FY25 earnings, strong passenger growth, falling crude oil prices and seasonal flows and seasonal traffic during Maha Kumbh.
Brokerage prospects
The broker is still ambivalent about Indigo’s future. Motilal Oswal Financial Services (MOFSL) reiterated the “buy” recommendation at a target price of Rs 6,375, citing the airline’s international expansion, fleet strategy and new leadership from Pieter Elbers. Under Elbers, Indigo has improved its global partnerships, demonstrating its commitment to global network growth. The airline also noted that 30% of the inquiries are currently on international routes.
Nuvama’s institutional stocks simultaneously increase potential imbalances (Indigo’s positive capabilities increase) and demand, concluding that these increased capabilities combined with geopolitical uncertainty will certainly increase their yields. Nuvama therefore maintained the “hold” recommendation but reduced EBITDAR expectations for FY26 and set the reprice value of Rs 5,199 at Rs 5,199.
What’s next for Indigo Stock?
The stock decline after the stock trading is certainly suspended in the short term, but analysts point out that fundamentals remain intact in the long term, and key levels of support will attract attention, especially as further promoter dilution continues. Support levels are always important for viewing and given that facilitators to minority investors ratios, the number of stocks and a part of them is based on confidence in management and guidance. We recommend that you get a close eye on any investors and update from management in the next few days.
