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.
If mkts are unhappy with Indigo results, then they will never like Jet results...jet can fall below 500
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