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The Economic Times
The Economic Times
Gaurav Kumar

Ixigo posts record Q1 profit, but stock tumbles 9%. Here's what worried Dalal Street

Shares of Le Travenues Technology (Ixigo) came under pressure on Friday, July 7, falling as much as 9.40% to Rs 183.6 apiece despite the company reporting its highest-ever quarterly profit in the first quarter of FY27. The decline followed a cautious response from brokerages after the company reiterated its plans to continue investing in new growth initiatives.

Although the stock pared some losses, it remained under pressure during the session. At 11:22 AM, Ixigo shares were trading at Rs 185.32 apiece, down 8.56% from their previous close on the NSE.

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