Aviation stocks on Thursday rallied up to 10 per cent in opening trade after the government announced that domestic passenger flight services will resume from May 25 in a calibrated manner.
InterGlobe Aviation shares zoomed 9.88 per cent to Rs 1,002 on the BSE.
SpiceJet also jumped 4.88 per cent to Rs 42.95 — its upper circuit limit.
Domestic passenger flight services will resume from May 25 in a calibrated manner, Civil Aviation Minister Hardeep Singh Puri said on Wednesday.
All scheduled commercial passenger flights have been suspended in India since March 25, when the government imposed a lockdown to curb the spread of the novel coronavirus.
“Domestic civil aviation operations will recommence in a calibrated manner from Monday, May 25, 2020. All airports and air carriers are being informed to be ready for operations from 25th May,” Puri said on Twitter.