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IndiGo Shares Crash 10% After Massive Q2 Loss, Brokerages Maintain Optimism
The carrier faced financial strain due to increased fuel and labor costs, along with problems related to Pratt & Whitney engines, which have grounded a portion of its fleet and driven up expenses.
IndiGo Swings To Q2 Net Loss Of ₹986.7 Cr, Misses Estimates By Huge Margin
IndiGo Jumps 3% After Jefferies Upgrades Stock To 'Buy'
IndiGo Shares Crash 10% After Massive Q2 Loss, Brokerages Maintain Optimism
IndiGo Swings To Q2 Net Loss Of ₹986.7 Cr, Misses Estimates By Huge Margin
IndiGo Jumps 3% After Jefferies Upgrades Stock To 'Buy'
IndiGo's Net Q1 Profit Down 11.7% To ₹2,728.8 Cr, Beats Estimates In Difficult Quarter
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Delays in the delivery of parts from original equipment manufacturers have stunted the carrier's performance in the near term, though most analysts predict growth towards the end of the year, helped along by likely price hikes.
Kotak Remains Bullish On IndiGo But Cuts Target Price By 5%
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Issues with engine make Pratt & Whitney have affected IndiGo since January this year. As of February, more than 70 of its aircraft were grounded.
