Shares of aviation companies were in focus with InterGlobe Aviation, the operator of IndiGo, hitting a new high of Rs 1,716, up 3 per cent, on the BSE in Tuesday’s early morning trade, after its quarterly profit surged five-fold in March quarter (Q4FY19).
SpiceJet’s stock, too, rallied 5 per cent to Rs 153, and was trading close to its record high of Rs 156, hit on December 20, 2017, in intra-day trade.
IndiGo posted a net profit of Rs 589 crore in Q4FY19, as the airline flew more passengers and clocked higher yields. The company had recorded a profit of Rs 118 crore in the year-ago quarter.
