IndiGo Share Price Soars as InterGlobe Aviation Limited Sees Record Highs
IndiGo Airlines, owned by InterGlobe Aviation Limited, witnessed a surge in its share price on Friday. The company’s shares touched a new 52-week high during the trading session on Friday. The company’s share reached its highest level of 3,958.65 rupees, with a low of 2,007.05 rupees. InterGlobe Aviation Limited’s shares closed at 3,932.95 rupees on Friday, April 26, 2024, up by 3.16%. On Monday (April 29, 2024), the shares were trading at 4,013 rupees, up by 1.95%.
The main reason for the surge in InterGlobe Aviation Limited’s shares is the recent order placed by IndiGo Airlines for 30 Airbus A350-900 aircraft. IndiGo may purchase an additional 70 aircraft in the coming days. These aircraft are equipped with Rolls-Royce Trent XWB engines. The delivery of this order is set to begin in 2027. Prior to this, InterGlobe Aviation Limited placed a large order with Airbus for 500 aircraft in June 2023.
InterGlobe Aviation Limited’s shares have risen by 7.02% in the past five days. Over the past month, the company’s shares have provided investors with a return of 10.89%. In the last six months, InterGlobe Aviation Limited’s shares have earned investors a profit of 59.15%. Since the beginning of 2024, the company’s shares have seen a 32.04% increase. The shares were trading at 2,021.05 rupees on April 27, 2023.
Over the past five years, InterGlobe Aviation Limited’s shares have given investors a profit of 149.28%. The future looks bright for the company as it continues to expand its fleet and strengthen its position in the aviation industry.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
