NEW DELHI : Shares of InterGlobe Aviation Ltd, promoters of budget carrier IndiGo, bucked the broader market trend to trade lower on Tuesday. At 2.50 pm, the stock was down 2.1% at ₹1,419.50, having touched an intra-day low of ₹1,389.
The Sensex was at 40,784.84 points, down from its intra-day high of 41,120.28, but up nearly 0.3% from previous close.
On Monday, the Directorate General of Civil Aviation (DGCA) warned IndiGo that the airline’s efforts to modify older Pratt & Whitney (P&W) engines installed on Airbus A320Neo aircraft were not satisfactory, which means a significant portion of its fleet could be grounded if the carrier failed to meet a 31 January deadline.
