IndiGo, SpiceJet nosedive 6%: Will rising crude and Israel-Iran conflict trigger more pressure on aviation stocks?
Israel- Iran Conflict: Shares of aviation companies, especially InterGlobe Aviation (IndiGo) and SpiceJet, nosedived on Friday, June 13, as a perfect storm of negative catalysts triggered a sector-wide sell-off. IndiGo plunged nearly 6 per cent to hit an intraday low of Rs 5,175, while SpiceJet slipped nearly 2 per cent to Rs 42.16. The sharp decline…
