Indigo Shares Tank Over 5% After Gangwal Stake Sale - SEBI Analyst Flags Buying Opportunity

Shares of Interglobe Aviation, the parent firm of Indigo, dropped more than 5% on Thursday after a large block deal by the Rakesh Gangwal family. 

As many as 91 lakh shares, or 2.35% of the airline's equity, changed hands at market open at an average price of ₹5,838 per share, valuing the transaction at ₹5,135.5 crore, CNBC-TV18 reported.

The deal, initially planned for a 3.1% stake worth around ₹7,027 crore, was downsized, with one large trade of 2.2% equity executed. 

Following the sale, Gangwal and the Chinkerpoo Family Trust now hold a 4.7% stake in Interglobe Aviation, while Rahul Bhatia and Interglobe Enterprises continue to hold a 35.73% stake.

Technical View

SEBI-registered analyst Prabhat Mittal said Indigo has been performing very well since January 2025, consistently making higher tops and bottoms on the chart, which he described as a positive sign for the stock. 

He highlighted that the stock has consistently taken support from an upward-sloping trendline, and after today's news, it is trading exactly at that support. 

According to Mittal, traders can look to buy the stock at the current price of ₹5,788 with a strict stop loss below ₹5,600, targeting levels of ₹6,200 and ₹6,500.

What Is The Retail Mood?

On Stocktwits, retail sentiment for Interglobe Aviation was 'extremely bullish' amid 'extremely high' message volume.

Interglobe Aviation's stock has risen 25.1% so far in 2025.

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