IndiGo joins the Sensex on December 22, replacing Tata Motors Passenger Vehicles. This comes amidst significant flight cancellations due to new duty rules, impacting operations and leading to brokerages cutting target prices. The airline reported a substantial quarterly loss, though revenue saw a year-on-year increase. Despite recent challenges, shares remain up year-to-date.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs