Airline stocks on Monday ended on a mixed note, with InterGlobe Aviation slumping over 1 per cent even as markets soared on exit polls showing NDA returning to power.
Among the three airlines listed on the exchanges, shares of Jet Airways and SpiceJet gained, while that of InterGlobe Aviation, the parent of IndiGo, closed in the red.
InterGlobe shares fell 1.17 per cent to close at Rs 1,456.75 apiece on the BSE. It had opened at Rs 1,539.
On the NSE, the scrip declined 1.48 per cent to end the day at Rs 1,452 after opening at Rs 1,519.
Differences have cropped up between the promoters of IndiGo, the country’s largest airline.
In a detailed statement issued on Saturday, InterGlobe had said that in any strong and well-managed company there will always be differences.
“And, yes, there may be differences currently on certain matters but the company has a great track record of resolving issues and coming out ahead. If the current differences were to not get resolved, you shall certainly hear about it, however, it serves no purpose speculating about it,” the airline had said.
Shares of shuttered Jet Airways climbed 4.94 per cent to Rs 130.60 on the NSE after opening at Rs 130.
