India, March 11 -- Shares of IndiGo operator Interglobe Aviation Ltd. rose to the highest in at least a week after the abrupt resignation of CEO Pieter Elbers. Rahul Bhatia, co-founder and managing director, has taken charge of the airline on interim basis.

IndiGo's share price rose as much as 3.02% to an intraday high of Rs.4,512.90 on the National Stock Exchange even as the benchmark Nifty 50 fell up to 0.50%.

The stock is reacting to the exit of Elbers and the return of Bhatia at the helm of affairs of India's largest airline amid a double squeeze-an escalating Iran war has scuppered international operations of IndiGo even before it could fully recover from an operational meltdown three months ago.

"What happened last December shoul...