Interglobe Aviation Gains 6.84%: 4 Key Factors Driving the Week’s Momentum

2 February 2026: Strong Start Amid Market Weakness

Interglobe Aviation began the week on a positive note, closing at Rs.4,687.50, up 1.96% from the previous Friday’s close of Rs.4,597.35. This gain was particularly notable as the Sensex declined by 1.03% to 35,814.09, highlighting the stock’s relative strength. The volume of 28,968 shares traded indicated moderate investor interest. The stock’s resilience against a weakening broader market set the tone for the week’s subsequent momentum.

3 February 2026: Gap-Up Opening and Intraday Highs Amid Robust Trading

On 3 February, Interglobe Aviation exhibited a remarkable intraday performance, opening with a significant gap-up of 4.34% and closing at Rs.4,945.55, a 5.51% gain for the day. The stock reached an intraday high of Rs.4,990, marking a 6.45% increase from the previous close. This surge outpaced the Sensex’s 2.63% rise and the airline sector’s 5.5% gain, underscoring the stock’s strong relative performance.

Trading volumes surged to 238,314 shares, with a total traded value exceeding ₹62,322 crores, making Interglobe Aviation one of the most actively traded stocks by value on the day. Despite the strong price action, technical indicators presented a mixed picture: the stock traded above its 5-day and 20-day moving averages but remained below longer-term averages, signalling short-term bullish momentum amid longer-term caution.

Investor participation showed signs of contraction, with delivery volumes down 31.14% compared to the five-day average, suggesting some profit-taking or rotation. The MarketsMOJO Mojo Score remained at 33.0 with a ‘Sell’ grade, reflecting a cautious stance despite the price rally.

4 February 2026: Modest Gains and Consolidation

The stock continued its upward trajectory on 4 February, closing at Rs.4,963.90, a modest 0.37% gain from the previous day. Volume declined to 33,573 shares, indicating a pause in the intense trading activity seen earlier in the week. The Sensex also advanced by 0.37%, closing at 36,890.21, reflecting a broadly stable market environment. Interglobe Aviation’s ability to maintain gains above short-term moving averages suggested ongoing bullish sentiment, albeit with reduced momentum.

5 February 2026: Heavy Put Option Activity Signals Bearish Hedging

On 5 February, the stock reversed course, closing at Rs.4,933.95, down 0.60% amid a decline in the Sensex by 0.53%. This day was marked by significant put option activity, with 3,303 contracts traded at the 4,800 strike price for the 24 February expiry, representing a turnover of approximately ₹480.29 lakhs. The open interest of 1,299 contracts indicated sustained bearish positioning or hedging by investors anticipating downside risk.

The stock opened with a gap down of 2.33% and hit an intraday low of Rs.4,780.30, a 3.64% drop from the previous close, reflecting immediate selling pressure. Despite trading above its 5-day and 20-day moving averages, the share price remained below longer-term averages, reinforcing a mixed technical outlook with a downward bias. Delivery volumes declined sharply by 55.19%, signalling reduced conviction among long-term holders.

Interglobe Aviation’s market capitalisation stood at ₹1,87,991.52 crores, maintaining its large-cap status. However, the downgrade to a ‘Sell’ Mojo Grade since December 2025 and the bearish option activity underscore caution amid sector headwinds such as rising fuel costs and regulatory challenges.

6 February 2026: Week Closes Slightly Lower Amid Mixed Sentiment

The week concluded with Interglobe Aviation closing at Rs.4,911.70, down 0.45% from the previous day’s close. Volume was relatively low at 21,869 shares, reflecting subdued trading activity. The Sensex edged up 0.10% to 36,730.20, indicating a stable broader market. The stock’s weekly gain of 6.84% significantly outperformed the Sensex’s 1.51% rise, despite the late-week pullback.

This slight decline after midweek highs suggests some profit-taking or consolidation following the strong rally earlier in the week. The mixed technical signals and heavy put option activity from the previous day continue to weigh on near-term sentiment.

Key Takeaways

Outperformance Amid Volatility: Interglobe Aviation’s 6.84% weekly gain notably outpaced the Sensex’s 1.51% rise, driven by strong early-week momentum and sectoral tailwinds.

Robust Trading and Liquidity: The stock saw exceptionally high traded value on 3 February, reflecting significant market interest despite a decline in delivery volumes, indicating some short-term profit-taking.

Mixed Technical Signals: While short-term moving averages support bullish momentum, the stock remains below longer-term averages, with bearish MACD and Bollinger Band indicators suggesting caution.

Bearish Put Option Activity: Heavy put option volumes at the 4,800 strike price ahead of the 24 February expiry signal increased hedging and bearish sentiment, highlighting near-term downside risks.

Mojo Grade and Market Position: The downgrade to a ‘Sell’ grade with a Mojo Score of 33.0 reflects concerns over fundamentals and sector challenges, despite the stock’s large-cap status and liquidity.

Conclusion

Interglobe Aviation Ltd’s week was characterised by a strong rally early on, fuelled by positive sector momentum and robust trading volumes, followed by a cautious retreat amid growing bearish hedging activity. The stock’s ability to outperform the Sensex by a wide margin underscores its resilience, yet the mixed technical indicators and heavy put option interest suggest that investors remain wary of near-term volatility. The downgrade to a ‘Sell’ rating by MarketsMOJO further emphasises the need for a measured approach. Going forward, monitoring institutional participation, option expiry dynamics, and sector developments will be crucial to understanding the stock’s trajectory in the coming weeks.

Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →