Airline stocks jumped on Wednesday after domestic carrier Go First announced that it has filed for voluntary insolvency proceedings with the National Company Law Tribunal (NCLT).
In the early trade, IndiGo jumped as much as 6 per cent on BSE. By 9.45 am, the stock was trading 5.97 per cent higher at Rs 2194.05. Meanwhile, SpiceJet soared nearly 5 per cent in the opening trade. At the time of writing, SpiceJet was trading 4.38 per cent higher at Rs 32.87.
Jet Airways, on the other hand, was locked in the upper circuit limit today. The stock was trading 5 per cent higher at Rs 60.59 on BSE.
