IndiGo Share Fall: On Thursday, December 4, the fourth trading session of the week, there was a huge fall in the shares of InterGlobe Aviation. During the initial trading itself, the shares of the company fell by 3.31 percent and started trading at Rs 5407.30.
This decline was seen after the airline company started investigating the malfunctions in the flights. Due to this fall in shares, the market capitalization of the company has come down to Rs 2.14 lakh crore.
300 flights canceled
The country’s largest airline is facing big problems this week. In the last two days, about 250 to 300 flights have been canceled and many flights are delayed by hours. The effect of this has been that long queues of passengers formed at the airport and passengers remained stranded at the airport for hours.
airline statement
According to the airline company, this problem started due to flight cancellation and operational problems. The company said that, to improve the situation, changes have been made in the flight schedule for the next 48 hours.
This will help in normalizing operations and starting flights on time. The company has also said that the affected passengers will be provided the facility of other flights or refund if needed.
Company’s condition in stock market
At around 1:15 pm on Thursday, December 4, the company’s shares were trading at Rs 5506.55, down 1.54 per cent or Rs 85.95 on BSE. The high level of the company during the trading day was Rs 5574.10. Talking about low level, the company shares had touched the figure of Rs 5407.30.
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