Shares of InterGlobe Aviation — parent of India’s largest carrier IndiGo — slumped nearly 7 per cent early today, extending a fall that has now stretched over multiple sessions. The drop comes in the wake of a show-cause notice issued by the DGCA, triggered by widespread flight cancellations and operational disruptions that left thousands of passengers stranded.

Investors are wrestling with growing uncertainty over the airline’s near-term outlook. The regulatory notice underscores mounting pressure on IndiGo’s leadership to explain roster failures and crew-management lapses under revised pilot duty-time rules.

Brokerage and analyst commentary captures the tension between these near-term concerns and longer-term structural strengths. Some firms have already trimmed price targets, warn

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