Aviation stocks drop after Ahmedabad crash
New Delhi, June 12(HS): The plane crash in Ahmedabad triggered a notable drop in aviation sector stocks. InterGlobe Aviation Limited, operator of IndiGo, saw shares decline over 3%, closing at ₹5,444 after a fall of ₹187. SpiceJet shares dropped over
Air India flight crashes shortly after take-off


New Delhi, June 12(HS): The plane crash in Ahmedabad triggered a notable drop in aviation sector stocks. InterGlobe Aviation Limited, operator of IndiGo, saw shares decline over 3%, closing at ₹5,444 after a fall of ₹187. SpiceJet shares dropped over 1.7%, eventually closing at ₹44.68, down by 1.78% after minor end-of-day buying. In the U.S., Boeing’s shares fell more than 5% during pre-market trading, heavily impacted due to the crash involving an Air India Boeing aircraft shortly after departure from Sardar Vallabhbhai Patel International Airport. The incident led to heightened pressure on aviation-related stocks. Adani Enterprises, which operates Ahmedabad Airport, also experienced effects; their shares fell to ₹51.20 upon the crash news but recovered slightly to close at ₹2,536, down by ₹45.20 or 1.75%. The overall market sentiment reflected concern following the accident, significantly affecting related entities in both Indian and U.S. markets.

Hindusthan Samachar / Jun Sarkar


 rajesh pande