Aviation stocks tumble up to 10% as govt decides to suspend all domestic ops from March 25

New Delhi: 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 IndiGoNSE -2.19 %’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