Overview
- Shares rose as much as 14% to Rs 35.50 in intraday trade, extending a two-day rally.
- Turnover spiked to 20.62 million shares on the BSE, more than double the two-week average.
- Chairman Ajay Singh said the carrier will operate 100 additional flights to help stranded travelers during IndiGo delays and cancellations.
- Analysts flagged improving short-term momentum but said a sustained uptrend requires a breakout around Rs 36–38, with support near Rs 30–33.
- Weak fundamentals persisted: Q2 revenue fell 23.1% to Rs 828 crore, net loss widened to Rs 634 crore, promoter pledging rose to 47.69% as FII holdings declined.