Brokerages have taken note of this asset quality weakness and cut target price for the stock.
Nielsen cited four key factors impacting growth-—macroeconomic, government policies, monsoons and a low base effect.
Insolvency Process Underway
Jet Airways is currently undergoing insolvency proceedings at the National Company Law Tribunal (NCLT).
In the budget for 2019-20, the government announced that there would be no charges levied on merchants processing digital payments as well as on consumers opting to pay digitally.
In his letter dated July 8, Gangwal has alleged that these controlling rights give the IGE Group significant influence over decisions at IndiGo.