IndiGo shares fall as DGCA extends show-cause notice deadline
after close1 source ↓written by the desknot a recommendation
- to an intra-day
- 6.6%
- before recovering
- ₹5,015
- before recovering
- ₹5,159.50
- 3.93%
Shares of InterGlobe Aviation, parent of IndiGo Airlines, fell 6.6% to an intra-day low of ₹5,015 before recovering to ₹5,159.50, down 3.93%. This decline follows the DGCA's extension of the deadline for CEO Pieter Elbers to respond to a show-cause notice regarding recent flight disruptions, attributed to inadequate preparations for revised crew duty regulations. ✈️
The ongoing operational issues may impact investor sentiment and raise concerns over the airline's management effectiveness.
Not investment advice. For informational purposes only.