Monday, November 25, 2024
Advertisement
  1. You Are At:
  2. News
  3. Business
  4. IndiGo shares tumble 12 per cent; m-cap drops by Rs 7,633 cr after Q2 earnings

IndiGo shares tumble 12 per cent; m-cap drops by Rs 7,633 cr after Q2 earnings

On the BSE, the airline stock tanked 11.91 per cent to close at Rs 1,467.90 apiece. During the day, it plummeted 12.83 per cent to Rs 1,452.50 apiece. On the NSE, the scrip tumbled 11.73 per cent to settle at Rs 1,469.50 apiece.

Reported by: PTI New Delhi Published on: October 25, 2019 16:44 IST
The company's market valuation dropped Rs 7,633.23 crore to

The company's market valuation dropped Rs 7,633.23 crore to Rs 56,463.77 crore on the BSE.

Shares of IndiGo on Friday tumbled 12 per cent after the company posted a net loss of Rs 1,062 crore for the September quarter.

On the BSE, the airline stock tanked 11.91 per cent to close at Rs 1,467.90 apiece. During the day, it plummeted 12.83 per cent to Rs 1,452.50 apiece.

On the NSE, the scrip tumbled 11.73 per cent to settle at Rs 1,469.50 apiece.

The company's market valuation dropped Rs 7,633.23 crore to Rs 56,463.77 crore on the BSE.

In terms of traded volume, 3.98 lakh shares were traded on the BSE and over one crore shares changed hands on the NSE.

Budget carrier IndiGo's parent InterGlobe Aviation on Thursday reported widening of its net loss to Rs 1,062 crore for the September quarter, hit by higher costs related to operating lease liabilities.

The company had a net loss of Rs 651.5 crore in the corresponding period a year ago.

ALSO READ | InterGlobe Aviation shares tumble 7 per cent after Q2 earnings

ALSO READ | Affected by anti-China protests, IndiGo to suspend Kolkata-Hong Kong flights from November 6

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business

Advertisement
Advertisement
Advertisement
Advertisement