were trading 1.17 per cent higher at ₹4,207 around 12.15 pm on Monday on the NSE, recovering from an intraday low of ₹4,093.90, as the market reacts two key developments from the airline over the past two trading days.
The stock opened weak at ₹4,105 against a previous close of ₹4,158.20, before climbing to a high of ₹4,270. Traded volume stood at 11.16 lakh shares, with a traded value of ₹469.76 crore. Buy orders accounted for 52.73 per cent of total market depth. The stock’s total market capitalisation stood at approximately ₹1.63 lakh crore.
Despite today’s recovery, the stock remains under pressure on a broader timeframe — down 14.63 per cent over the past month and 17.46 per cent year-to-date, significantly underperforming the Nifty 50’s 9.82 per cent and 11.42 per cent respective declines. The stock is also trading well below its 52-week high of ₹6,232.50 touched in August 2025, though it has recovered from its 52-week low of ₹4,035 hit on March 9, 2026.
On the corporate front, IndiGo announced the introduction of a fuel surcharge on both domestic and international routes effective March 14, a move analysts broadly view as neutral in the near term.
Separately, the airline issued a press release on March 14 outlining adjustments to its West Asia operations. IndiGo said it will operate 252 weekly flights to and from the West Asia between March 16 and March 28, 2026, citing geopolitical risks, airspace restrictions, airport constraints, and rising fuel and insurance costs. Flights to Doha, Kuwait, Bahrain, Dammam, Fujairah, Ras Al Khaimah and Sharjah remain suspended until March 28.
The airline said it is aligning capacity with current conditions while maintaining essential connectivity and will operate ad-hoc flights for stranded passengers if required.