Aviation stocks fly high; IndiGo zooms nearly 8%

Aviation stocks were in huge demand on Wednesday as after a two-year hiatus, India will resume regular international flights from March 27.

Shares of InterGlobe Aviation zoomed 7.89 per cent to Rs 1,726.45 on the BSE.

SpiceJet also jumped 6.57 per cent to Rs 60.75.

After a two-year hiatus, India will resume regular international flights from March 27, the Ministry of Civil Aviation (MoCA) said on Tuesday.

India had suspended the scheduled international flights since March 23, 2020, due to the Covid pandemic.

However, special international flights have been operating between India and 37 countries since July 2020, under air bubble arrangements.