For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Interglobe Aviation (Indigo) Shares Come Crashing Down; Drops 25% In 2-Days

|

Shares in Interglobe Aviation came crashing down again, dropping another 5 per cent in trade. Investors continue to be disappointed with the company's quarterly results.

The shares dropped as much as 20 per cent on Friday and were down another 5 per cent in trade today. The stock was last quoting at Rs 925 on the NSE.

Interglobe Aviation (Indigo) Shares Come Crashing Down; Drops 25% In 2-Days
Dealers say that the 9-month performance was really bad with net profits slipping. "IndiGo's nine-month performance in FY16 was much below estimates due to a sharp fall in profitability in the second quarter, where net profit declined to Rs 110 crore from Rs 640 crore in the first quarter," said Kotak Securities.
 

The stock of IndiGo Airlines had run-up very sharply in the last few weeks and investors were wary as fundamentals also had to play catch-up.

Some analysts had warned that the movement of the share prices is closely linked to crude prices. Should we at some stage see a recovery in crude prices, it may lead to a drop in prices of the shares of IndiGo.

Despite the drop, the shares of the company are still significantly higher than the offer price of Rs 765.

GoodReturns.in

Read more about: interglobe aviation
Story first published: Monday, January 25, 2016, 11:22 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more