Posted inIndia, South Asia

IndiGo’s poor Q4 show spooks Indian bourses, brokerages

With the shares of InterGlobe Aviation, parent company of the IndiGo airline, suffering a free fall after disappointing fourth-quarter results, various brokerages are reviewing the ratings and price target of the company. After market hours on Wednesday, the company reported a 73.3% year-on-year drop in quarterly profit to 1.17 billion rupees (US$17.5 million). It had […]