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Aviation stocks nosedive

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Nifty tanks to its lowest level in over a month
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10 Feb 2024 1:09 PM IST

New Delhi: The stock prices of two major Indian airlines, IndiGo and SpiceJet, on Friday experienced a significant decline following the recommendation by a parliamentary panel to implement route-specific capping of airfare. The proposal also included the establishment of a distinct regulatory body to oversee and manage air ticket prices, responding to mounting customer grievances regarding escalating airfares.

The Parliamentary Panel expressed dissatisfaction with the current self-regulation efforts by airlines, citing the inadequate response from the civil aviation ministry on the issue of airfare regulation.

stock prices prices Aviation stocks airlines IndiGo 
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