Today, Mahindra Lifespace Developers Ltd shares hit a record high of Rs 439.85 and surged 6 per cent on the Bombay Stock Exchange (BSE).

Previously, the stock of Mahindra Group company surpassed the high of Rs 435 that it had touched on June 13, 2022. The market price of the realty company has zoomed 81 per cent, compared to a 9 per cent decline in the S&P BSE Sensex.

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“The success in deploying technology and innovative construction techniques to drive efficiencies, focus on sustainability and creating differentiated offerings, and its ability to build motivated teams and a high-performance organisation sets the company apart among its peers and signals its inherent potential to move to a higher growth trajectory. Therefore, we remain optimistic about the company’s outlook for 2022-23,” the company said.
[1:53 pm, 04/07/2022] Amritaa(equity Pandit): DGCA Seeks Clarification From IndiGo on Shares Fall 4%

On Monday, InterGlobe Aviation, the parent company of IndiGo, fell 3.7 per cent to Rs 1,589 apiece on the Bombay Stock Exchange. The Directorate General of Civil Aviation (DGCA) sought clarification from IndiGo.

The Directorate General of Civil Aviation (DGCA) took “strong cognizance against IndiGo and (has) ought to provide a clarification/ explanation behind the massive flight delays nationwide,” the media reported.

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“Most delays happened in Delhi, IndiGo’s largest base. As a result, the entire network saw a cascading impact,” media reported.

Only 45 per cent of the flights depart on time, and almost 850 or more flights take off more than 15 minutes after their scheduled time. On Friday, around 1,600 flights were operated by the airline, but fifty flights had to cancel.

In the morning trade, shares of the airline were down 2.4 per cent at Rs 1,610 per share as against a 0.26 per cent dip in the BSE Sensex. Peer firm SpiceJet’s shares were lower by 1.5 per cent.