There is no sign of any end to the troubles for Indigo, the country’s largest low cost airline. Even on Friday, airlines may have to cancel more than 600 flights. IndiGo has made it clear that all IndiGo flights flying from Delhi have been cancelled. Ever since the process of cancellation in Indigo started in December. More than one thousand flights have gone into cancel mode. Due to which Indigo has had to suffer in the stock market also. Indigo’s shares have seen a decline of 11 percent in the month of December. Due to which the valuation of the company has also decreased by about Rs 25 thousand crore during this period. Let us also tell you what kind of data is coming out from the stock market regarding Indigo?
Continuous decline in company shares
There is a continuous decline in Indigo’s shares in the month of December. According to BSE data, the company’s shares have seen a decline of 3.15 percent during the trading session on Friday. After which the company’s shares have come down to Rs 5,266. The special thing is that the company’s shares are trading at their lowest level since June 23. This means that the company’s stock is seen trading at its lowest level in 160 days. However, at 12:45 pm the company’s shares are trading at Rs 5,278 with a decline of 2.92 per cent.
Nearly 12 percent decline in December
If we talk about the month of December, the company’s shares have seen a decline of about 12 percent. According to BSE data, Indigo shares closed at Rs 5,902.70 on the last trading day of October. Which has come to Rs 5,266 on 5th December. This means that the company’s shares have fallen by Rs 636.7 i.e. a decline of 10.80 percent. However, on Friday, Indigo shares opened at Rs 5,383.40. Whereas a day earlier the company’s shares had fallen and closed at Rs 5,437.60.
The company suffered a loss of Rs 25 thousand in valuation.
Due to the fall in the company’s shares in the month of December, a big decline has also been seen in the valuation. According to the data, when the stock market closed on November 28, the valuation of the company was Rs 2,28,285.47 crore, which during the trading session on December 5, the market cap of the company came down to Rs 2,03,661.26 crore. This means that there has been a loss of Rs 24,624.21 crore in the valuation of the company.
