Thursday, March 18, 2021

IndiGo flies high on expanding regional presence

Interglobe Aviation is currently trading at Rs. 1718.40, up by 24.25 points or 1.43% from its previous closing of Rs. 1694.15 on the BSE.

The scrip opened at Rs. 1657.75 and has touched a high and low of Rs. 1725.00 and Rs. 1657.75 respectively. So far 23185 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1822.00 on 03-Mar-2021 and a 52 week low of Rs. 765.05 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1725.00 and Rs. 1630.20 respectively. The current market cap of the company is Rs. 66079.14 crore.

The promoters holding in the company stood at 74.85%, while Institutions and Non-Institutions held 22.93% and 2.23% respectively.

In its bid to strengthen regional connectivity, InterGlobe Aviation (IndiGo) has declared Rajkot as its next destination on the 6E network. The airline will operate direct flights from Rajkot to Bengaluru, Delhi, Mumbai, and Hyderabad as part of its summer 2021 schedule, with effect from March 28, 2021. These new connections will strengthen connectivity between Rajkot and the key metro cities in the country, while fulfilling the demand for enhanced connectivity.

InterGlobe Aviation provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.

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