Shares of InterGlobe Aviation plunge over 11 pct to hit one year low
At NSE, shares of the company tanked 11.39 per cent to hit its one-year low of Rs 890.55.
Shares of InterGlobe Aviation, which runs largest domestic carrier IndiGo, today plunged over 11 per cent to hit its one-year low after the company reported a steep 96.6 per cent fall in net profit in June quarter.
InterGlobe Aviation yesterday reported a steep 96.6 per cent fall in net profit to Rs 27.8 crore in June quarter, owing to the adverse impact of foreign exchange, high fuel prices, lower yields and higher maintenance cost.
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