Aviation stocks on Tuesday dropped up to 10 per cent after the announcement of suspension of all domestic operations of Indian airlines from March 25 amid Covid-19 pandemic.
Shares of IndiGo’s parent InterGlobe Aviation tanked 9.99 per cent to Rs 765.05 — their one-year low on the BSE.
SpiceJet also dropped 4.92 per cent to Rs 31.85 – its 52-week low as well as lower circuit.
Airlines will suspend all domestic operations from March 25 amid the outbreak of coronavirus (Covid-19), the Aviation Ministry announced on Monday.
The country has already suspended international flights.
