InterGlobe Aviation shares, the parent company of aviation giant IndiGo, rallied as much as 5% in Wednesday's trading session amid a strong bull run in the Indian stock market. The aviation stock was the top gainer on Nifty 50 on November 11.
IndiGo share price opened at ₹5,520 apiece on NSE today, as compared to the previous close of ₹5,430 on Monday and touched an intraday high of ₹5,692.30 on Wednesday.
The stock rally also came in amid falling crude oil prices on hopes for a de-escalation in the Iran war and concerns about ongoing attacks on shipping in the Strait of Hormuz.
Meanwhile, Indian equity benchmarks, the Sensex and Nifty, opened Wednesday's session on a strong note, supported by foreign fund inflows, better-than-expected September-quarter earnings and a continued decline in crude oil prices. The 30-share BSE Sensex surged 1,097.33 points to 82,186.92 in early trade, while the NSE Nifty 50 advanced 274.30 points to 25,317.55.
IndiGo reported a reduction in its consolidated net loss to ₹1,879.1 crore in the September quarter of FY27, compared with a loss of ₹2,582.1 crore in the corresponding quarter last year.