IndiGo share price drops 2% to near 5,000 rupees as investors eye results date and policy risks
InterGlobe Aviation shares fell 2% to close near 5,002 rupees on the NSE Tuesday, briefly slipping below 5,000. The drop followed pressure on Indian benchmarks from Reliance Industries and HDFC Bank. Investors await IndiGo’s December-quarter results and updated guidance. The government last month ordered IndiGo to cut 10% of its winter schedule after mass cancellations.