Shares of InterGlobe Aviation Ltd, which runs the IndiGo airline, rose up to 10% on the NSE in early deals on Wednesday. This, after the firm reported a net loss of Rs873 crore for the March quarter.<\/p>\n
What gives?<\/p>\n
Note that the Street had estimated the company to report a higher loss. Also, IndiGo\u2019s loss was largely due to forex fluctuation. The firm’s results could well have excited investors at a time when expectations are running quite low. Also, outlook for the aviation sector remains uncertain owing to the covid-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"
Shares of InterGlobe Aviation Ltd, which runs the IndiGo airline, rose up to 10% on the NSE in early deals on Wednesday. This, after the firm reported a net loss of Rs873 crore for the March quarter. What gives? Note that the Street had estimated the company to report a higher loss. Also, IndiGo\u2019s loss was largely due to forex fluctuation. The firm’s results could well have excited investors at a time when expectations are running quite low. Also, outlook for the aviation sector remains uncertain owing to the covid-19 pandemic.<\/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-355449","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\/355449","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=355449"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/355449\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=355449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=355449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=355449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}