IndiGo shares suggest worries about turbulence at the top have receded
Shares of InterGlobe Aviation Ltd are not very far from their lifetime highs of ₹1,716 seen on 28 May. Besides the airline’s stock, at ₹1,656.25 currently, is nearly 6% above the levels seen before the troubles between its two promoters intensified in July.
InterGlobe runs IndiGo, India’s largest airline by market share.
Clearly, investor worries about the turbulence at the top appear to have subsided, at least for now.
