Comments
Shares of InterGlobe Aviation fell on lower quarterly profit.
Shares of InterGlobe Aviation Ltd, owner of the country's largest airline, IndiGo, fell as much as 3.4 per cent.
The company has posted nearly 25 per cent fall in quarterly profit on Tuesday, hurt by rising fuel costs.
“IndiGo posted weak Q4 results as yields failed to offset the cost pressures,” according to Morgan Stanley analysts.
The stock posted biggest intraday percentage fall since April 21.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.