New Delhi, Oct 29 () Shares of InterGlobe Aviation fell 3 per cent on Tuesday after the DGCA asked IndiGo not to use A320 Neo planes which are fitted with PW engines that have already been used for over 3,000 hours, or face grounding of aircraft.
The scrip declined 3.03 per cent to close at Rs 1,410.30 on the BSE. During the day, it dropped 5.19 per cent to Rs 1,378.75.
On the National Stock Exchange (NSE), the company’s shares fell 2.63 per cent to close at Rs 1,415.
The scrip has been falling for the third consecutive day. Shares of InterGlobe Aviation had on Friday tumbled 12 per cent, wiping more than Rs 7,600 crore off its market valuation after the company posted a substantial loss in the September quarter.
