Shares of InterGlobe Aviation Ltd, which operates IndiGo, surged more than 10% in early trade on April 8, reflecting strong buying interest and a sharp shift in market sentiment towards aviation stocks.
As of 9:31 AM (IST), the stock traded significantly higher after opening at ₹4,600.00, compared to its previous close of ₹4,268.80. The rally gathered pace soon after the opening bell, with the stock touching an intraday high of ₹4,744.00, while the day’s low stood at ₹4,560.40. The sharp upward move was accompanied by robust trading activity, with volumes crossing 12.82 lakh shares in early trade, indicating strong participation from investors.
Despite today’s strong rally, the stock remains below its 52-week high of ₹6,232.50, while its 52-week low stands at ₹3,895.20.
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