Shares of InterGlobe Aviation, the parent company of IndiGo, experienced a sharp fall of nearly 6% during Friday’s afternoon trading session. The decline follows Pakistan’s decision to shut its airspace to Indian flights, a move that escalates the ongoing geopolitical tensions between the two neighbouring nations. The stock hit an intraday low of ₹5,198.70 on the BSE, marking a 5.82% dip.
Despite this drop, the stock continues to trade above its 20-day, 50-day, 100-day, and 200-day moving averages. However, it is now trading below its 5-day and 10-day averages, indicating short-term bearish sentiment.
Over the past year, InterGlobe Aviation has delivered a robust performance, gaining 40%, and an impressive 167% increase over the last two years. On Friday, around 0.37 lakh shares exchanged hands, resulting in a turnover of ₹19.52 crore on the BSE.
The recent stock slide brought down the company’s market capitalization to ₹2.05 lakh crore. It’s worth noting that the stock reached its 52-week high of ₹5,646.90 just days earlier on April 22, 2025, while the 52-week low stood at ₹3,728.45 on April 25, 2024.
According to industry reports, Pakistan’s airspace closure will significantly impact Indian carriers, particularly those operating westbound international flights from northern India. The rerouting of flights will likely result in longer travel times and increased fuel consumption, potentially leading to higher airfare costs. The affected routes include key destinations across Central Asia, the Caucasus, West Asia, Europe, the UK, and North America.
