UPSCSSCBANKINGSTATE-PSC
IndiGo shares plummeted, losing Rs 37,000 crore due to operational issues and regulatory changes.
Summary
IndiGo shares experienced a significant decline, losing Rs 37,000 crore in market value within six sessions due to operational disruptions and new regulations. Brokerages have adjusted their targets, citing rising costs and pilot shortages, impacting the airline's financial performance.
Key Points
- IndiGo shares fell over 16% in six sessions.
- Market value decreased by Rs 37,000 crore.
- Operational disruptions and new FDTL norms are contributing factors.
- Brokerages have lowered targets due to rising costs and pilot shortages.
Full Article
IndiGo shares have plunged over 16% in six sessions, erasing Rs 37,000 crore in market value as severe operational disruptions and new FDTL norms trigger widespread cancellations. Brokerages have slashed targets citing rising costs and pilot shortages, though some see long-term strength despite near-term turbulence and regulatory scrutiny.
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