IndiGo Shares Slip After Kotak Equities Downgrade

InterGlobe Aviation, also known as IndiGo, saw its stock price drop because a financial firm called Kotak downgraded its rating.

Kotak previously recommended buying the stock, but now recommends holding it, citing some issues with how the airline is operating and because the stock price had gone up recently.

IndiGo is making changes, like delaying some new plane deliveries, and focusing on making more money from each flight as the busy travel season starts.