Gold Silver Reports (GSR) – InterGlobe Falls After Cancelling Flights Following DGCA Order — Shares of the budget carrier extended decline and fell as much as 3 percent to Rs 1,238.
IndiGo has cancelled as many as 47 flights today after the country’s aviation regulator DGCA grounded its eight A320Neo planes with faulty Pratt & Whitney engines, along with three such aircraft of GoAir, according to PTI.
Read More : InterGlobe Falls After Government Grounds Its A320neo Planes
InterGlobe trades at 27.3 times trailing 12-month earnings per share and 19 times its estimates for the coming year. The stock has gained 48 percent in the past 12 months.
