{"id":281534,"date":"2019-07-11T05:37:59","date_gmt":"2019-07-11T05:37:59","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=281534"},"modified":"2019-07-11T05:37:59","modified_gmt":"2019-07-11T05:37:59","slug":"parent-interglobe-aviations-shares-bear-the-brunt-drop-more-than-17-intraday","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/parent-interglobe-aviations-shares-bear-the-brunt-drop-more-than-17-intraday\/","title":{"rendered":"Parent InterGlobe Aviation\u2019s shares bear the brunt, drop more than 17% intraday"},"content":{"rendered":"<p>MUMBAI: Shares of InterGlobe Aviation Ltd, the parent of the country\u2019s largest airline, IndiGo, slumped more than 17% on Wednesday amid a tussle between its co-founders on corporate governance. The stock touched a low of \u20b91,291 during the day before closing at \u20b91,397.75, down 168 points, or 10.73%, on BSE.<\/p>\n<p>In the last one year, shares of InterGlobe rose 28.19% while rival SpiceJet was up 7.84%. In 2019, so far, shares of SpiceJet outperformed (up 34%) InterGlobe (up 20%). Shares of IndiGo gained 82.7% from its issue price of \u20b9765 a share listed on 10 November 2015.<\/p>\n<p>The dispute may have an overhang on the stock, said Gagan Dixit, aviation analyst, Elara Capital. However, the stock will not be re-rated until there is any major or further escalation of the dispute, he said. \u201cOperationally the stock is fine with fair valuations compared to its peer,&#8221; Dixit said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Shares of InterGlobe Aviation Ltd, the parent of the country\u2019s largest airline, IndiGo, slumped more than 17% on Wednesday amid a tussle between its co-founders on corporate governance. The stock touched a low of \u20b91,291 during the day before closing at \u20b91,397.75, down 168 points, or 10.73%, on BSE. In the last one year, shares of InterGlobe rose 28.19% while rival SpiceJet was up 7.84%. In 2019, so far, shares of SpiceJet outperformed (up 34%) InterGlobe (up 20%). Shares of IndiGo gained 82.7% from its issue price of \u20b9765 a share listed on 10 November 2015. The dispute may [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-281534","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=281534"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281534\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=281534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=281534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=281534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}