Stock Stall: IndiGo dives 17%, $4 billion mcap wiped off this month

In a turbulent turn of events, IndiGo's share price has dipped by 8.3% as the government takes a hardline approach in response to the airline's ongoing operational hurdles. Investors are feeling the sting, with losses exceeding Rs 37,700 crore. Moody's has raised alarms about potential credit risks fueled by these financial setbacks.

Stock Stall: IndiGo dives 17%, $4 billion mcap wiped off this month
In a turbulent turn of events, IndiGo's share price has dipped by 8.3% as the government takes a hardline approach in response to the airline's ongoing operational hurdles. Investors are feeling the sting, with losses exceeding Rs 37,700 crore. Moody's has raised alarms about potential credit risks fueled by these financial setbacks.