Gold Silver Reports – InterGlobe Falls After Government Grounds Its A320neo Planes — Shares of the budget carrier extended decline and fell as much as 3 percent to Rs 1,238.
The Directorate General of Civil Aviation, yesterday, grounded all Airbus A320neo aircraft powered by the latest Pratt & Whitney engines citing safety concerns.
The IndiGo flight operator 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. – Neal Bhai Reports (NBR) INDIA
