Aviation shares in focus; IndiGo hits record high, SpiceJet soars 7%

InterGlobe Aviation, the parent firm of IndiGo airlines, hit a 52-week high at Rs 2,155 and has rallied 9 per cent on the BSE in intra-day trade on hopes of positive future prospects.

Shares of aviation companies were in focus with InterGlobe Aviation, the parent firm of IndiGo airlines, recording a 52-week high at Rs 2,155. The stock has so far rallied 9 per cent on the BSE in intra-day trade on Friday, and in the process has surpassed its previous high of Rs 2,023.60 touched on 15 September, 2021.

Shares of SpiceJet, India’s second-largest private airline, have also surged 8 per cent to Rs 81.95 amid heavy volume. The trading volume at the counter jumped over three-fold with a combined 15 million equity shares changing hands on the NSE and BSE. In comparison,