Indigo hits turbulence and recovers
By
Research Desk
about 9 years ago
The turbulence for Indigo continued today too. The stock price hit a new 52-week low at Rs.822.25 and then it recouped and now it has bounced back into the green, up over 1%.
The market continued to remain spooked by the news of its delivery of its Airbus A320neo will be delayed indefinitely. The company said that Airbus has stated that it has compensated the company for the delay by short term lease but the company has clarified that this will still impact its fleet guidance given during the IPO.