Shares of InterGlobe Aviation Ltd (IndiGo) were trading 2.25% lower at ₹5,298 on the NSE at 9:32 AM after two large block trades saw a total of 22.3 million shares, or 5.8% equity, change hands.
The stock opened at ₹5,270 and hit a high of ₹5,314 in early trade before slipping lower. The previous close was ₹5,420. The block deals triggered heavy volumes with over 2.56 crore shares traded in the opening minutes, while the average price hovered around ₹5,238.96.
The massive equity transaction has drawn investor attention, though the identities of buyers and sellers remain undisclosed. Open interest stood at 17.85 million shares.
IndiGo’s 52-week high and low stand at ₹5,962 and ₹3,780 respectively, indicating the stock remains near its higher trading band despite today’s correction.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions.
