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InterGlobe Aviation stock falls 6% after Pakistan closes airspace

InterGlobe Aviation stock falls 6% after Pakistan closes airspace

InterGlobe Aviation stock touched an intraday low of Rs 5198.70, falling 5.82% on BSE.

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Aseem Thapliyal
Aseem Thapliyal
  • Updated Apr 25, 2025 1:25 PM IST
InterGlobe Aviation stock falls 6% after Pakistan closes airspace The InterGlobe Aviation stock has gained 40% in one year and risen 167% in two years.

Shares of InterGlobe Aviation slipped 6% in the afternoon session on Friday after Pakistan closed its airspace for Indian flights amid rising tension between the two neighbours. InterGlobe Aviation stock touched an intraday low of Rs 5198.70, falling 5.82% on BSE.

The large cap share trades higher than 20 day, 50 day, 100 day and 200 day moving averages but lower than 5 day and 10 day moving averages.

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The InterGlobe Aviation stock has gained 40% in one year and risen 167% in two years.

Total 0.37 lakh shares of the firm changed hands amounting to a turnover of Rs 19.52 crore on BSE.

Market cap of the firm slipped to Rs 2.05 lakh crore on BSE.

The share hit 52 week high of Rs 5646.90 on April 22, 2025 and a 52 week low of Rs 3728.45 on April 25, 2024.

According to reports, the move would lead to longer durations and higher fuel needs for Westward international flights operating from North India — factors that could lead to a hike in airfares.

Pakistan's latest move will affect Indian airlines flights to Central Asia, the Caucasus, West Asia, Europe, the UK and North America, a report stated on Friday.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Apr 25, 2025 1:25 PM IST
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