Shares of InterGlobe Aviation Ltd, which runs IndiGo, jumped about 10.22% on 8 April after crude oil prices eased following a ceasefire in the US-Iran conflict. The stock traded near Rs 4,705.00 during morning hours on NSE, reflecting improved sentiment around fuel cost pressures.

In market activity, the airline stock featured among the top gainers in the Nifty 50 index as traders reacted to softer crude prices. Earlier weakness had dragged the stock lower by around 11.5% since late February, when rising fuel costs weighed on aviation counters.

Crude slipped below $100 per barrel after the ceasefire announcement, reversing the spike seen during the peak of the conflict phase. By 27 March, jet fuel prices had surged to $195.19 per barrel, nearly doubling from about $99.40 at the end of February.

Fuel costs make up nearly 40–50% of airline expenses, so even small changes tend to show up quickly in margins. Lower crude does not fix everything, but it usually gives airlines some breathing room in the short term.

There is no related-party transaction linked to this development, based on available disclosures around the stock move. Earlier, IndiGo had raised fuel surcharges to partly offset higher aviation turbine fuel costs during the recent spike.

Airspace restrictions had disrupted several international routes during the recent tensions, affecting schedules and passenger traffic across airlines. Reports indicated Indian carriers cancelled over 10,000 flights during the West Asia situation, showing how deep the disruption actually ran.

At around 1:44 pm, shares were up by about 8.02% at Rs 4,611.00 on NSE during active trading hours. In recent weeks, the stock has moved sharply, often tracking crude prices more than anything else.

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