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.
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