IndiGo, SpiceJet surge up to 5% on report of resumption of domestic flights

Aviation stocks InterGlobe Aviation and SpiceJet surged up to 5 per cent on the BSE on Tuesday, in an otherwise weak market, amid reports that the goverment could soon resume domestic flight operations in India. Additionally, reports suggest InterGlobe Enterprises, the parent of the country’s largest airline IndiGo, has evinced interest in Virgin Australia, Australia’s second-largest aviation company.

Shares of SpiceJet zoomed 5 per cent to Rs 42.95 on the BSE in the intra-day deals. A combined 3.72 million shares have changed hands on the counter on the NSE and BSE so far.

InterGlobe Aviation’s stock price, meanwhile, hit a high of Rs 991.85, up 3.17 per cent on the BSE, but pared gains later to trade 1.25 per cent higher at Rs 973.4 apiece by 9:49 am.