IndiGo shares tumble 13% after slipping to Rs 987 crore loss in Q2. Should you invest?

October 28, 2024

IndiGo Share Price: InterGlobe Aviation’s IndiGo shares dropped 13% after reporting a ₹987 crore loss in Q2 FY2024, compared to a ₹189 crore profit YoY. Revenue rose 14% to ₹16,970 crore. Major reasons include aircraft groundings and high fuel costs. Analysts have adjusted target prices and ratings accordingly.

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