InterGlobe Aviation Limited, the parent company of IndiGo, saw its stock drop by 4.31% today, trading at ₹3,894.20, down from the previous close of ₹4,069.55. This decline resulted in a significant market cap loss of approximately ₹6,735 crore, bringing the company’s total market cap to around ₹1,50,422.12 crore.
The decrease in share price aligns with recent fluctuations in the aviation sector, as fuel costs and currency exchange rates impact operational expenses. IndiGo continues to maintain its market leadership but faces challenges as the aviation industry adjusts to changing economic factors.
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