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IndiGo's shares end 8% higher post better-than-expected Q4 earnings, bullish brokerage calls

Updated : June 03, 2020 04:15 PM IST

IndiGo's share price rallied up to 14 percent in the morning session of Wednesday's trade after it reported better-than-expected earnings despite nationwide lockdown and rise in costs.
India's largest passenger air carried reported a net loss of Rs 870.8 crore in the March quarter 2020 due to weak operating performance.
Last year, the company had posted a net profit of Rs 596 crore in the same period. The airline is taking various cash-conversion and cost-cutting measures to survive, said CEO Ronojoy Dutta.
IndiGo's shares end 8% higher post better-than-expected Q4 earnings, bullish brokerage calls

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