10 April 2024 – InterGlobe Aviation, the parent company of IndiGo, witnessed a remarkable surge in its share price, soaring 5% to a record high of Rs 3,806 apiece. This upward momentum marks the budget carrier’s ascent to becoming the world’s third-largest airline by market capitalization, according to a Bloomberg report.
indiGo’s impressive performance in the stock market has been evident over the past month, with its shares experiencing a staggering 22% increase. This surge has propelled the airline’s market capitalization to over Rs 1,46,000 crore ($17.5 billion), solidifying its position as a major player in the global aviation industry.
On the Bombay Stock Exchange (BSE), InterGlobe Aviation’s shares witnessed a substantial jump of 4.82% to close at Rs 3,806.85 apiece, reflecting the investor confidence in the company’s growth trajectory. Notably, the share price has nearly doubled over the past year, showcasing the significant value creation for shareholders.
