Shares of IndiGo, operated by InterGlobe Aviation, came under pressure on Friday, January 23, a day after the airline announced its December quarter results. The stock fell sharply in early trade as investors reacted to a steep fall in profit and higher costs.
On the BSE, IndiGo shares opened lower at Rs 4,840.10 compared with the previous close of Rs 4,913.80. The stock slipped as much as 3.9% during early trade to hit an intraday low of Rs 4,723.60. It later recovered part of the losses but continued to trade in the red.
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As per the market screen, IndiGo shares were trading at around Rs 4,795.50 by late morning, down Rs 112 or 2.28% for the day. The stock had touched a high of Rs 4,878 and a low of Rs 4,722.50 during the session.
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