• Source:JND
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Indigo Share Price:  Shares of IndiGo's parent company, InterGlobe Aviation, fell more than 13% on Monday after the company reported a net loss of Rs 986.7 crore in the September quarter due to headwinds and higher fuel costs caused by aircraft groundings. The stock tanked 13.42% to Rs 3,778.50 on the BSE.

Shares of the company fell 13.42% to Rs 3,780 on the NSE. India's largest airline, IndiGo, reported a net loss of Rs 986.7 crore in the September quarter on Friday due to headwinds and higher fuel costs caused by aircraft groundings.

IndiGo, which is also the first airline in India to have more than 400 aircraft, said that the number of grounded flights has dropped from the mid-70s to the high 60s and will fall further to the low 60s by the end of the year.

At the end of September, the airline had a fleet of 410 aircraft. The airline reported a profit of Rs 188.9 crore in the September 2023 quarter compared to Rs 188.9 crore in the year-ago period. Excluding the impact of foreign exchange, IndiGo posted a loss of Rs 746.1 crore in the second quarter of the current fiscal, it said in a statement.

Also Read: IndiGo Shares Fall Over 13% After Company Reports Loss In Q2

Stock Market Today 

Equity markets surged in early trading on Monday on buying of blue-chip ICICI Bank stock, a firm trend by Asian peers and steady buying by domestic institutional investors. The BSE Sensex jumped 462.45 points to 79,864.74 in early trade. The NSE Nifty rose 112.1 points to 24,292.90.

Seoul, Tokyo and Shanghai are the most traded Asian markets, while Hong Kong is the least expensive. Foreign institutional investors on Friday sold equities worth Rs 3,036.75 crore while domestic institutional investors bought shares worth Rs 4,159.29 crore, exchange data showed.

The benchmark BSE fell 662.87 points, or 0.83 per cent, to 79,402.29 on Friday. The Nifty tanked 218.60 points or 0.90 per cent to 24,180.80.

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