Shares of India’s SpiceJet and InterGlobe Aviation rose up to 8%

Shares of SpiceJet and InterGlobe Aviation rose up to 8% today after the government on Tuesday Mar. 8 decided to resume scheduled commercial international passenger flights to/from India from March 27. InterGlobe Aviation shares gained 7.9% to Rs 1,726 against the previous close of Rs 1,600.05 on BSE.

The stock opened with a gain of 3.74% at Rs 1659.90 today. InterGlobe Aviation stock is trading lower than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. The large-cap stock has gained 2% in the last one year (2021) but lost 14.58% in 2022. In a month, the stock is down 23.56%.

A total of 1.14 lakh shares of the firm changed hands amounting to a turnover of Rs 19.49 crore on BSE. The market cap of InterGlobe Aviation rose to Rs 65,911 crore.

Similarly, shares of budget carrier SpiceJet gained up to 6.58% to Rs 60.75 on BSE. The aviation stock opened with a gain of 5% at Rs 59.85 today. The share is trading higher than 5-day moving averages but lower than 20-day, 50-day, 100-day and 200-day moving averages.