Shares of InterGlobe Aviation, which operates the country’s largest airline IndiGo, hit a 52-week high of Rs 2,247 in intraday trade on Thursday, up 1% on the BSE. Over the past seven sessions, the stock has risen 9% after Go First filed for bankruptcy. IndiGo’s share price is trading close to its all-time high of Rs 2,379, touched on November 16, 2021.

The stock has soared 20% over the past month, outperforming the broader market, while the S&P BSE Sensex gained 3%.

Regarding the significant increase in the trading volume of the company’s securities, IndiGo clarified last week that there is no such recent events/information, including any unpublished price-sensitive information, which is reasonably requested to be made available to the stock exchange.

However, the company said recent events in the airline industry may have affected trading volumes in the company’s securities.