D-Mart has surged 6% to Rs 1,517, while IndiGo rallied 5% to Rs 1,249 on the BSE in intra-day trade.
IndiGo, India's largest airline, is facing its worst crisis as co-promoters Rahul Bhatia and Rakesh Gangwal have levelled serious allegations against each other
Gangwal had recently approached Sebi, raising concerns linked to lapses in corporate governance at IndiGo, blaming co-promoter Bhatia for the same
IndiGo confirmed the incident, which is now being investigated by aviation regulator Directorate General of Civil Aviation (DGCA).
While criticising warring IndiGo promoters Rahul Bhatia and Rakesh Gangwal for not attending board meets frequently, IiAS has also made a case for more independent directors on the board
InterGlobe Aviation (IndiGo), Jet Airways and SpiceJet were trading in the range of 3% to 5%, as compared to a marginal 0.1% decline in the S&P BSE Sensex at 09:50 AM.
During the past week, the airline's stock has rallied 23 per cent as against a per cent rise in the benchmark index.
Here's a look at the top counters that are likely to trade actively in today's session.
NEW DELHI (Reuters) - India's biggest airline, IndiGo, is close to a decision on engines that could mark a dramatic shift away from Pratt & Whitney towards its French-American rival CFM but a final decision is only expected later in June, according to three people aware of the matter.
IndiGo is facing acute shortage of commanders amid aggressive expansion of its fleet. The carrier has more than 210 planes in its fleet
The airline plans to add 125 A321neo aircraft in its fleet over number of years. In 2019, it will receive 20-25 of these aircraft from Airbus
Airline expected to profit from problems faced by its peers
Under the sale, tickets for routes such as Delhi-Ahmedabad, Delhi-Kolkata and Delhi-Mumbai are available at Rs 2,199, Rs 2,899 and Rs 2,399, respectively
The budget carrier cancelled 49 flights on Wednesday and the same has been informed to aviation regulator DGCA
On Monday also, the airline had pulled out 32 flights from its network at short notice inconveniencing tens of hundreds of passengers
With a fleet of more than 200 planes, IndiGo operates over 1,300 daily flights
IndiGo, which took deliveries of 55 aircraft in 2018, has a 41.5% share of the domestic market but carries only six percent of the country's international passengers
The airline's net profit declined 75 per cent in Q4 on fuel price rise and weak rupee
The delivery of the new jet will help IndiGo introduce flights on the medium-haul routes
The Gurgaon-based no-frills carrier, which enjoys over 40 per cent of the total domestic traffic, had inducted the 100th aircraft on December 24, 2015