Shares of InterGlobe Aviation Ltd., the parent of IndiGo and India's largest airline, are trading 2% lower on Tuesday, December 9. The stock emerged as the top loser on the Nifty 50 on Monday.

IndiGo logged its steepest single-day fall since February 2022 and has now entered its seventh straight session of losses, marking its longest losing streak since February 2023.

Trading activity was unusually high, with volumes hitting a seven-month peak. Nearly 1.58 crore shares changed hands compared to the 20-day average of 12.1 lakh. Delivery volumes were also sharply higher at 71.7 lakh shares versus the 20-day average of 7.3 lakh.

The stock has now shed almost ₹40,000 crore in market value over this seven-day slide.

What brokerages say

BofA Securities, which has a 'Buy' rating and a targ

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