Indigo Shares : There is a sudden sell-off in Indigo shares, know why the stocks are selling rapidly

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Indigo Shares : There is a sudden sell-off in Indigo shares, know why the stocks are selling rapidly
Indigo Shares : There is a sudden sell-off in Indigo shares, know why the stocks are selling rapidly

Selling has been seen in InterGlobe Aviation’s stock since this morning. The company’s stock is trading down by more than 3 percent. According to news agency Reuters, IndiGo will sell shares worth about Rs 3.94 billion. After this decision of IndiGo, IndiGo’s stock fell heavily today. Let us know in detail in this report.

On June 11, 2024, shares of InterGlobe Aviation are trading with a huge decline. In fact, a block deal of about 2.2 per cent has taken place on the exchanges. According to news agency Reuters, IndiGo will sell shares worth about Rs 3.94 billion.

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InterGlobe Enterprises, which holds a 37.75% stake in IndiGo’s operator InterGlobe Aviation, will now sell the shares at a base price of Rs 4,266 each, the term sheet showed.

After this decision of Indigo, there has been a huge decline in the stock of Indigo today.

Indigo Share Price

Around 10.30 am, Indigo’s stock was trading down by Rs 162.60 or 3.56 percent at Rs 4,404.00 per share. If we talk about the performance of Indigo stock, the company has given a return of 50.54 percent in the last 6 months. At the same time, in 1 year, the company has given a return of 82.67 percent to the investors.

Indigo is expanding

The country’s largest airline Indigo is expanding its business. Recently, Indigo started business class service in its aircraft. In 2023, Indigo ordered 500 A320Neo category aircraft. This year the airline has ordered 30 A350 wide body aircraft.

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