−17% from the high · +27% from the low
Long unwinding into a 26-day expiry: futures OI −0.1% on a −1.1% day, the most call OI sits at 5,000, the most put OI at 4,900, max pain 5,000.
INDIGO futures closed at ₹4,946.20, +0.3% to spot, with 99% of open interest in the 27 Oct contract, and the 4,950 straddle prices a move of about ±6.1% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹4,946.20 | +16.30+0.3% | +4.6% | 40,000▼ −0.2% · −77 lots | 99 | 7,200 |
| 23 Nov53 days | ₹4,965.50 | +35.60+0.7% | +5.0% | 510▲ +3.3% · +16 lots | 1.2 | 130 |
| 29 Dec89 days | ₹4,986.60 | +56.70+1.1% | +4.7% | 29▲ +26.1% · +6.0 lots | 0.07 | 19 |
1.3% of futures OI sits beyond the 27 Oct contract · 42 of 57 listed contracts traded · 34,000 option contracts changed hands
The 4,950 straddle closed at ₹299.90 (call 149.30 + put 150.60), pricing a move of about ±6.1% by the 27 Oct expiry. In the last 253 windows of 19 sessions, INDIGO moved more than that 101 times.
After the last 8 bulletins, INDIGO closed higher five sessions later in 6 of 8.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 21 SeptSensex, Nifty open lower amid crude oil price rise | ▲ +0.4%Nifty +0.3% · +0.1 pp | ▲ +2.2%Nifty −0.1% · +2.3 pp | ▼ −0.9%Nifty −2.4% · +1.5 pp | ▲ +1.1%long build-up |
| 20 SeptSensex, Nifty open lower amid geopolitical tensions | ▲ +0.4%Nifty +0.3% · +0.1 pp | ▲ +2.2%Nifty −0.1% · +2.3 pp | ▼ −0.9%Nifty −2.4% · +1.5 pp | ▲ +1.1%long build-up |
| 29 JulSensex, Nifty decline amid geopolitical tensions | ▼ −0.9%Nifty +0.3% · −1.1 pp | ▼ −2.0%Nifty +0.6% · −2.5 pp | ▲ +0.8%Nifty +1.6% · −0.8 pp | ▼ −0.6%long unwinding |
| 29 JulSensex and Nifty decline amid geopolitical tensions | ▲ +0.1%Nifty +1.1% · −1.0 pp | ▼ −0.8%Nifty +1.4% · −2.1 pp | ▲ +2.5%Nifty +2.7% · −0.2 pp | ▼ −1.0%short covering |
| 28 JulSensex and Nifty decline amid geopolitical tensions | ▲ +0.1%Nifty +1.1% · −1.0 pp | ▼ −0.8%Nifty +1.4% · −2.1 pp | ▲ +2.5%Nifty +2.7% · −0.2 pp | ▼ −1.0%short covering |
| 24 JulStock markets decline for fourth day amid rising crude oil prices | ▲ +4.9%Nifty +1.0% · +4.0 pp | ▲ +5.7%Nifty +0.9% · +4.8 pp | ▲ +8.3%Nifty +4.2% · +4.1 pp | ▼ −2.3%short covering |
| 24 JulIndiGo share price falls 2% after Q1 results | ▲ +4.9%Nifty +1.0% · +4.0 pp | ▲ +5.7%Nifty +0.9% · +4.8 pp | ▲ +8.3%Nifty +4.2% · +4.1 pp | ▼ −2.3%short covering |
| 24 JulIndiGo reports ₹238 crore loss in Q1 due to fuel costs | ▼ −0.8%Nifty −0.4% · −0.3 pp | ▲ +4.1%Nifty +0.5% · +3.6 pp | ▲ +2.9%Nifty +2.1% · +0.8 pp | ▼ −0.7%long unwinding |
Revenue ₹24,584 cr, +20% on a year earlier; profit −₹238 cr, −110% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 23 Jul | ₹24,584 cr | ▲ +20% | −₹238 cr | ▼ −110% | -6.15 | ▼ −0.8%Nifty −0.4% · −0.3 pp |
| Mar 2026filed 29 May · audited | ₹22,438 cr | ▲ +1.3% | −₹2,537 cr | ▼ −180% | -65.62 | ▲ +1.1%Nifty −0.7% · +1.8 pp |
| Dec 2025filed 22 Jan | ₹23,472 cr | ▲ +6.2% | ₹549 cr | ▼ −78% | 14.20 | ▼ −4.2%Nifty −0.9% · −3.2 pp |
| Sept 2025filed 4 Nov | ₹18,555 cr | ▲ +9.3% | −₹2,582 cr | — | -66.79 | ▲ +1.0%Nifty −0.3% · +1.3 pp |
| Jun 2025filed 30 Jul | ₹20,496 cr | ▲ +4.7% | ₹2,176 cr | ▼ −20% | 56.24 | ▲ +3.0%Nifty −0.3% · +3.3 pp |
| Mar 2025filed 21 May · audited | ₹22,152 cr | ▲ +24% | ₹3,068 cr | ▲ +62% | 79.27 | ▲ +0.8%Nifty −0.8% · +1.6 pp |
| Dec 2024filed 24 Jan | ₹22,111 cr | ▲ +14% | ₹2,449 cr | ▼ −18% | 63.30 | ▲ +0.3%Nifty −1.1% · +1.5 pp |
| Sept 2024filed 25 Oct | ₹16,970 cr | ▲ +14% | −₹987 cr | ▼ −620% | -25.51 | ▼ −8.0%Nifty +0.7% · −8.7 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹84,962 cr | ▲ +5.2% | −₹2,394 cr | ▼ −130% | -61.97 |
| FY25to Mar 2025 | ₹80,803 cr | ▲ +17% | ₹7,258 cr | ▼ −11% | 187.63 |
| FY24to Mar 2024 | ₹68,904 cr | — | ₹8,172 cr | — | 211.53 |
27 times book value, revenue +9.0% over twelve months, market cap ₹1,90,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| INDIGOInterGlobe Aviation Limited | 1,90,000 cron 1 Oct | — | 27 | ₹4,929.90 |
| TAALTECHTaal Tech Limited | 1,500 cron 1 Oct | — | — | ₹944.00 |
| GLOBALVECTGlobal Vectra Helicorp Limited | 180 cron 1 Oct | — | — | ₹131.05 |
Promoters hold 41.6%, foreign portfolio investors 20.3%, mutual funds 24.3% and insurance companies 2.5%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 41.570.00 pp | 41.57▼ −0.01 pp | 41.580.00 pp | 41.58▼ −1.96 pp | 43.54 |
| Foreign portfolio investors | 20.32▼ −1.32 pp | 21.64▼ −3.35 pp | 24.99▼ −3.45 pp | 28.44▲ +1.13 pp | 27.31 |
| Mutual funds | 24.28▲ +0.27 pp | 24.01▲ +3.28 pp | 20.73▲ +3.50 pp | 17.23▲ +0.02 pp | 17.21 |
| Insurance companies | 2.45▲ +0.42 pp | 2.03▲ +0.14 pp | 1.89▼ −0.35 pp | 2.24▼ −0.05 pp | 2.29 |
| Banks and financial institutions | 5.16▲ +0.02 pp | 5.14▼ −0.36 pp | 5.50▲ +0.32 pp | 5.18▲ +0.59 pp | 4.59 |
| Individual investors | 4.21▼ −0.26 pp | 4.47▲ +0.37 pp | 4.10▲ +0.04 pp | 4.06▲ +0.12 pp | 3.94 |
| Bodies corporate | 1.06▲ +0.07 pp | 0.99▲ +0.01 pp | 0.98▼ −0.01 pp | 0.99▲ +0.02 pp | 0.97 |
| Others | 0.96▲ +0.81 pp | 0.15▼ −0.08 pp | 0.23▼ −0.05 pp | 0.28▲ +0.13 pp | 0.15 |
Nothing upcoming on record; the last was a dividend of ₹10.00 a share, ex-date 13 Aug 2025.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 13 Aug 2025 | dividend | ₹10.00 | 13 Aug 2025 | BSE |
INDIGO is −1.8% over 20 sessions against Nifty's −6.2%, 17% below its 52-week high, realised volatility 25% annualised.
| Window | From ₹ | INDIGO % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹5,561.08 | ▼ −11% | ▼ −9.1% | −2.3 |
| 120 sessionssince 9 Apr | ₹4,448.97 | ▲ +11% | ▼ −5.7% | +17 |
| 60 sessionssince 8 Jul | ₹5,124.10 | ▼ −3.8% | ▼ −6.1% | +2.3 |
| 20 sessionssince 2 Sept | ₹5,019.75 | ▼ −1.8% | ▼ −6.2% | +4.5 |
| 5 sessionssince 24 Sept | ₹4,889.80 | ▲ +0.82% | ▼ −2.8% | +3.6 |
| 1 sessionsince 30 Sept | ₹4,984.23 | ▼ −1.1% | ▼ −0.88% | −0.21 |
OI Charts is not a SEBI-registered investment adviser or research analyst. Prices, open interest, filings and the desk read are exchange data and arithmetic on it, not a basis for any investment decision.