The sharp fall in the stock price came after the company reported a weak set of numbers in the June quarter (Q1FY25).
IndiGo reportedly received the intimation about the penalty from the US authority on 24 July, and is currently exploring the possibility of a waiver of the penalty
Analysts said that half of the BSE 500 firms trading below 200-DMA clearly indicates that market sentiment isn't strong and there is heightened selling pressure in the broader markets
DII stake in BSE 500 companies up nearly 55% in seven years
This was the second highest gain on debut this year for IPOs of over Rs 150 cr, after Campus Activewear
Broader markets witnessed sharper selling pressure, with Nifty Midcap and Smallcap down around 4 per cent each.
New-age businesses are doing well as compared to the traditional sectors and the optimism is getting reflected in their stock prices, analysts say
Stocks of 18 of these 25 firms managed to outperform the S&P BSE Sensex on a year-to-date (YTD) basis
416 stocks shed an average 5.4% and a tenth decline over 10% in just five trading sessions
The unlock process and premium pricing have helped improve operational performance
From BSE 500 index underperforming since March, GAIL cutting supplies after fire at ONGC plant to S&P on banking system recovery, Business Standard brings you top news of the evening
Return on equity (RoE), a key strategic metric used to evaluate the capital allocation efficiency of a company, is at a 16 year low for the S&P BSE 500 companies, a research report said on Friday.
Analysts said many stocks in the BSE 500 universe have broken their crucial support levels and it is difficult for them to bounce back in the near term
Sequent Scientific and Bank of Maharashtra are among the stocks that are trading more than 30 per cent discount to their 200-DMA