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Why IndiGo Shares Crashed Despite Record Quarterly Profit

NDTV Profit Desk
Analysts also blamed the sharp run-up in IndiGo shares for todays slump

IndiGo shares crashed 20 per cent on Friday, a day after India's biggest carrier reported a record profit at Rs 657 crore in the December quarter. The sharp selloff in IndiGo shares, despite strong quarterly performance, puzzled investors and triggered selling in other carriers such as Jet Airways and SpiceJet.
 

IndiGo shares crashed 20 per cent on Friday, a day after India's biggest carrier reported a record profit at Rs 657 crore in the December quarter. The sharp selloff in IndiGo shares, despite strong quarterly performance, puzzled investors and triggered selling in other carriers such as Jet Airways and SpiceJet.
 

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China’s Xi Offers Backing For Myanmar’s SCO Membership Bid

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