InterGlobe Aviation Stock Rises 2.6% on Crude Oil Easing

InterGlobe Aviation shares rise 2.58% as crude oil prices ease. IndiGo revises baggage, infant ticket and Fast Forward charges as key levels emerge. InterGlobe Aviation

shares rose as much as 2.58% on Friday, supported by easing crude oil prices and developments around revised passenger charges. IndiGo has revised charges for excess baggage, infant tickets, unaccompanied children and its Fast Forward priority service. Excess baggage fee increased to ₹800 per additional kg from ₹700. Infant tickets will now cost ₹3,000 versus ₹2,000 earlier. Fast Forward charges increased to ₹650 from ₹500. InterGlobe Aviation shares have gained around 4% over the past two trading sessions. However, the stock ended the week around 1% lower, marking its third consecutive weekly decline. From a technical perspective, ₹5,050 may act as a key resistance level on the higher side, while ₹4,700 could serve as an important near-term support zone. Investors may track crude oil prices, passenger trends and price action around these levels. Disclosure: I do not hold any position or have any financial interest in the mentioned stock. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.