IndiGo share price soars 5% as Elara Securities upgrades stock to ‘Buy’ from ‘Sell’. Check target price and rationale
3 months, 1 week ago

IndiGo share price soars 5% as Elara Securities upgrades stock to ‘Buy’ from ‘Sell’. Check target price and rationale

Live Mint  

IndiGo share price experienced a sharp rise of 5 per cent in intra-day trade on Tuesday, December 24, driven by a bullish call from domestic brokerage Elara Securities. The brokerage house, in a report dated December 21, upgraded IndiGo’s rating to ‘Buy’ from ‘Sell’ and raised the target price to ₹5,309, indicating a 20 per cent upside from the last close of ₹4,440.50. Rationale behind IndiGo stock price upgrade The aviation industry is expected to grow at a compound annual growth rate of 12 per cent between FY25 and FY28, supported by capacity expansions and new infrastructure projects. The stock’s surge reflects investor optimism not only in IndiGo’s ability to capitalise on these growth drivers but also in the broader aviation sector, as international traffic is expected to grow at a 14 per cent CAGR, outperforming domestic trends, the report added.

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History of this topic

IndiGo targets 200 mn fliers by 2030, but faces plane shortage
1 week, 5 days ago

IndiGo targets 200 mn fliers by 2030, but faces plane shortage

Live Mint  

India's largest airline IndiGo expects to fly 200 million passengers annually by 2030, an 80% increase from the 113 million passengers it flew in 2024, led by its fleet expansion from 439 aircraft to 600 by the end of the decade. Top executives of InterGlobe Aviation, IndiGo's parent company, told analysts in Gurugram on Wednesday that the airline would expand …

IndiGo records highest market share as Air India continues to slip after merger in January
1 month ago

IndiGo records highest market share as Air India continues to slip after merger in January

Live Mint  

The Indian domestic aviation market saw a traffic of 146.11 lakh in January 2025, which is 11.2 per cent higher than January 2024 and slightly lower than December 2024. The airline recorded a domestic market share of 65.2 per cent, which is the highest market share for the airline in history. The airline closed 2024 with a market share of …

Why is IndiGo share price skyrocketing despite bloodbath in Indian stock market?
1 month, 1 week ago

Why is IndiGo share price skyrocketing despite bloodbath in Indian stock market?

Live Mint  

IndiGo share price: Indian low-cost carrier Interglobe Aviation shares have skyrocketed 10% in the last six sessions despite a bloodbath in the Indian stock market. Dr Ravi Singh, SVP of Retail Research at Religare Broking, noted that the stock had gained almost 10% in the last six market sessions and also mentioned that the company's January to March quarter passenger …

Linde India share price skyrockets 9% in volatile Indian stock market. Is this a stock to buy today?
1 month, 1 week ago

Linde India share price skyrockets 9% in volatile Indian stock market. Is this a stock to buy today?

Live Mint  

Stock market today: Despite volatility in the Indian stock market during the early morning session on Thursday, Linde India's share price showed resilience. Linde India share price target Expecting more upside in Linde India shares, Anshul Jain, Head of Research at Lakshmishree Investment and Securities, said, “Linde India share price has bottomed out at around ₹5,350 to ₹5,400 apiece and …

Shares to buy or sell: Chandan Taparia recommends three stocks to buy today - February 18
1 month, 2 weeks ago

Shares to buy or sell: Chandan Taparia recommends three stocks to buy today - February 18

Live Mint  

The Indian stock market benchmark indices, Sensex and Nifty 50, opened flat on Tuesday, February 18, amid mixed global cues. Stocks to buy Maruti Suzuki | Buy | Target Price: ₹ 13,200 | Stop Loss: ₹ 12,500 Maruti Suzuki share price is perfectly respecting 20 DEMA and inching higher. He recommends buying Maruti Suzuki shares with a target price of …

IndiGo, Air India ramp up loyalty programmes. But they have a lot to catch up
1 month, 2 weeks ago

IndiGo, Air India ramp up loyalty programmes. But they have a lot to catch up

Live Mint  

India’s two largest airlines IndiGo and Air India, which dominate the near-duopoly in domestic skies, are ramping up their frequent flyer programmes to gradually build another potential revenue-generation source in a cut-throat market. Tata Group-owned Air India Group’s loyalty membership, Maharaja Club, has surged threefold to about 10 million since it completed merger with Vistara in November last year. In …

IndiGo bets on overseas flights for growth
2 months ago

IndiGo bets on overseas flights for growth

Live Mint  

IndiGo, India's largest airline by market share and fleet size, sees the next phase of growth coming in from international operations, according to its top executive. "By definition it would be a temporary solution, it's not going to be a hundred percent the exact same Indigo product, but I think we will be able to make it as close as …

IndiGo’s profit hit on account of rupee depreciation
2 months, 1 week ago

IndiGo’s profit hit on account of rupee depreciation

Live Mint  

A record number of passengers flying in the October-December period helped InterGlobe Aviation, the parent company of IndiGo, report better-than-expected revenue, but a sharp fall in the rupee against the dollar hurt the profitability of the country's largest airline. As IndiGo's lease liabilities are dollar-denominated, a 2% depreciation of the rupee against the dollar in the latest quarter led to …

IndiGo Q3 result: Profit drops 18% YoY despite strong air travel demand; key highlights
2 months, 1 week ago

IndiGo Q3 result: Profit drops 18% YoY despite strong air travel demand; key highlights

Live Mint  

IndiGo Q3 result: InterGlobe Aviation on Friday, January 24, reported a 18.32 per cent year-on-year drop in its December quarter net profit to ₹2,448.8 crore. Consolidated revenue from operations rose 13.7 per cent YoY to ₹22,110.7 crore from ₹19,452.1 crore in the same quarter last year. Cost comparisons IndiGo said its total income for the quarter ended December 2024 was …

Air Traffic hits record high level, IndiGo leads the pack with 63.6 per cent share
Trending News
3 months, 1 week ago

Air Traffic hits record high level, IndiGo leads the pack with 63.6 per cent share

New Indian Express  

Indian airlines carried a record 1.42 crore passengers on domestic routes in November 2024, marking the highest-ever monthly traffic. According to data from the Directorate General of Civil Aviation, domestic passenger traffic surged 12 per cent year-on-year in November to 1.42 crore, an increase from 1.36 crore in October 2024. India’s largest airline, IndiGo, achieved its highest-ever monthly market share …

Three capital-efficient market outliers FIIs bought during the 2024 selloff
3 months, 2 weeks ago

Three capital-efficient market outliers FIIs bought during the 2024 selloff

Live Mint  

The year 2024 was far from stellar for Indian stocks, particularly in retaining foreign investment. #1 Mrs Bectors Food Specialities With a market cap of ₹10,333 crore and FII holding of 13.12% as of September quarter, Mrs Bectors Food Specialities Ltd—India’s largest biscuits exporter—leads this list. With a market cap of ₹988 crore, ASK Automotive reported a sharp rise in …

IndiGo's 100% stock rally: What comes next?
3 months, 2 weeks ago

IndiGo's 100% stock rally: What comes next?

Live Mint  

Imagine this: it’s 2015, and India’s largest airline by domestic market share—IndiGo, holding nearly 35%—is preparing for its initial public offering. Improved connectivity and expanding infrastructure will not only bring more passengers into the fold but also reinforce IndiGo’s position as a market leader in India’s soaring aviation sector. Scaling with market growth: India’s aviation sector is poised for exponential …

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today - Dec 5
3 months, 3 weeks ago

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today - Dec 5

Live Mint  

Breakout stocks to buy or sell: The Indian stock market indices struggled on Wednesday to maintain their recent gains as investors remained cautious ahead of the Reserve Bank of India's monetary policy announcement. Sumeet Bagadia's breakout stock recommendations Sumeet Bagadia, Executive Director at Choice Broking, believes the Indian stock market's bias is positive, but the Nifty 50 index is looking …

‘No delays here!’ — IndiGo hits back at AirHelp for ranking it among world’s worst airlines
3 months, 4 weeks ago

‘No delays here!’ — IndiGo hits back at AirHelp for ranking it among world’s worst airlines

Live Mint  

Low-cost carrier IndiGo refuted an AirHelp survey which alleged that the airline came among the worst on the basis of certain parameters including punctuality, reported the news agency PTI on Wednesday, December 4. The survey conducted compared the world's biggest and most popular airlines and rated them according to their punctuality, the airline's quality of service, and how well the …

IndiGo: Navigating turbulence as market leader
3 months, 4 weeks ago

IndiGo: Navigating turbulence as market leader

Live Mint  

On 17 November, India’s domestic air traffic surpassed half a million passengers in a single day for the first time, marking a milestone for the country's aviation industry. In October, the last full month with available data, India’s top airline, IndiGo, expanded its already outsized market share for the fourth straight month, to nearly match its all-time high of 63.4% …

Stocks to buy: Two stock recommendations from MarketSmith India for 3 December
3 months, 4 weeks ago

Stocks to buy: Two stock recommendations from MarketSmith India for 3 December

Live Mint  

The Nifty 50, India’s benchmark stock market index, gained approximately 224 points over the past week, forming a bullish candle with a higher-high and higher-low price structure on the weekly timeframe chart. Despite weak Q2 FY25 GDP data, the index gained about 145 points during the session and formed a bullish candle on the daily chart. Performance of Nifty Bank …

Bharat Electronics Share Price Today on 29-11-2024: Bharat Electronics share price are up by 0.67%, Nifty up by 0.9%
Trending News
4 months ago

Bharat Electronics Share Price Today on 29-11-2024: Bharat Electronics share price are up by 0.67%, Nifty up by 0.9%

Live Mint  

Bharat Electronics Share Price Today on 29-11-2024: At 29 Nov 11:22 today, Bharat Electronics shares are trading at price ₹307.8, 0.67% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

IndiGo Dominates Domestic Air Passenger Traffic In October With 63.3 Per Cent Market Share, DGCA Data Reveals
4 months ago

IndiGo Dominates Domestic Air Passenger Traffic In October With 63.3 Per Cent Market Share, DGCA Data Reveals

ABP News  

Domestic air passenger traffic in India surged in October, official data revealed. The country’s domestic air traffic climbed 5.3 per cent in October 2024 and reached 1.36 crore passengers, the latest data from the Directorate General of Civil Aviation revealed. The collective market share of Air India for the month under review stood at 19.4 per cent, while Vistara accounted …

Indigo Paints Share Price Today on 26-11-2024: Indigo Paints share price are up by 0.58%, Nifty down by -0.05%
Trending News
4 months ago

Indigo Paints Share Price Today on 26-11-2024: Indigo Paints share price are up by 0.58%, Nifty down by -0.05%

Live Mint  

Indigo Paints Share Price Today on 26-11-2024: At 26 Nov 11:29 today, Indigo Paints shares are trading at price ₹1479.8, 0.58% up from the previous closing price. On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at …

Indigo Paints Share Price Today on 25-11-2024: Indigo Paints share price are down by -1.06%, Nifty up by 1.78%
4 months, 1 week ago

Indigo Paints Share Price Today on 25-11-2024: Indigo Paints share price are down by -1.06%, Nifty up by 1.78%

Live Mint  

Indigo Paints Share Price Today on 25-11-2024: At 25 Nov 11:28 today, Indigo Paints shares are trading at price ₹1487.15, -1.06% down from the previous closing price. On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at …

Bharat Electronics Share Price Today on 25-11-2024: Bharat Electronics share price are up by 6.09%, Nifty up by 1.71%
Top News
4 months, 1 week ago

Bharat Electronics Share Price Today on 25-11-2024: Bharat Electronics share price are up by 6.09%, Nifty up by 1.71%

Live Mint  

Bharat Electronics Share Price Today on 25-11-2024: At 25 Nov 11:06 today, Bharat Electronics shares are trading at price ₹297.9, 6.09% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Indigo Paints Share Price Today on 12-11-2024: Indigo Paints share price are up by 0.13%, Nifty down by -1.07%
4 months, 2 weeks ago

Indigo Paints Share Price Today on 12-11-2024: Indigo Paints share price are up by 0.13%, Nifty down by -1.07%

Live Mint  

Indigo Paints Share Price Today on 12-11-2024: At 12 Nov 16:00 today, Indigo Paints shares are trading at price ₹1489.3, 0.13% up from the previous closing price. On the technical front, the stock is trading above the 100,300 days SMA & lower than the 5,10,20,50 day SMA. The stock will have support at 100,300 days SMA & face resistance at …

Indigo Paints Q2 Results Live: Profit Falls by 10.63% YOY
4 months, 3 weeks ago

Indigo Paints Q2 Results Live: Profit Falls by 10.63% YOY

Live Mint  

Indigo Paints Q2 Results Live : Indigo Paints declared their Q2 results on November 7, 2024, revealing a 7.35% increase in topline revenue compared to the same quarter last year. In comparison to the previous quarter, Indigo Paints reported a revenue decline of 3.68% and a profit drop of 13.56%. Analysts remain divided on the stock's potential, with one Sell …

Bharat Electronics Share Price Today on 06-11-2024: Bharat Electronics share price are up by 5.49%, Nifty up by 1.12%
4 months, 3 weeks ago

Bharat Electronics Share Price Today on 06-11-2024: Bharat Electronics share price are up by 5.49%, Nifty up by 1.12%

Live Mint  

Bharat Electronics Share Price Today on 06-11-2024: At 06 Nov 16:01 today, Bharat Electronics shares are trading at price ₹301.85, 5.49% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Affle India share price jumps 7% to hit 52-week high after Citi initiates with a ‘Buy’ call; sees 17% upside
8 months, 3 weeks ago

Affle India share price jumps 7% to hit 52-week high after Citi initiates with a ‘Buy’ call; sees 17% upside

Live Mint  

Affle India share price jumped over 7% to hit a 52-week high of ₹1,464.95 apiece on NSE after Citi initiated coverage on the stock citing strong growth prospects. {{^adFree}} {{/adFree}} Citi initiated coverage on Affle India shares with a ‘Buy’ rating and a target price of ₹1,600 per share, impling an upside potential of 17% from Monday’s closing price. Affle …

Indigo Airlines share price down over 3% as Interglobe Enterprises plans to offload stake worth $394 million
9 months, 3 weeks ago

Indigo Airlines share price down over 3% as Interglobe Enterprises plans to offload stake worth $394 million

Live Mint  

Interglobe Enterprises Private Ltd, led by Rahul Bhatia, is set to sell stake worth $394 million in Interglobe Aviation, the parent company of Indigo Airlines, through a block deal, Moneycontrol reported citing multiple sources, putting the focus on its share price. The Interglobe Aviation share price was trading in red, down 3.31 per cent at ₹4411.50 on June 11, at …

Domestic Air Traffic Rises 2 Per Cent In April YoY, IndiGo Maintains Hold On 60 Per Cent Of Market Share
10 months, 1 week ago

Domestic Air Traffic Rises 2 Per Cent In April YoY, IndiGo Maintains Hold On 60 Per Cent Of Market Share

ABP News  

India’s aviation industry clocked a growth in domestic air traffic in April 2024, official data from the Directorate General of Civil Aviation revealed. The data showed that the domestic airlines flew 132 lakh passengers in April 2024, against 128.88 lakh passengers flown during the same month a year earlier, marking a growth of 2.42 per cent on a year-on-year basis. …

Business News Highlights: Stock Market Closes In Red; Sensex Plunges 609 points, Nifty Below 22,450
11 months ago

Business News Highlights: Stock Market Closes In Red; Sensex Plunges 609 points, Nifty Below 22,450

ABP News  

Business News Highlights: Hello and welcome to ABP Live's Business LIVE blog. In the previous trading session on Thursday, the Indian stock market showed resilience; the primary equity indices, Sensex and Nifty, exhibited a notable rebound amidst fluctuating conditions. Following an Extraordinary General Meeting on April 23, Swiggy disclosed in a regulatory filing that it received shareholder endorsement to create, …

IndiGo is now world’s third-largest airline by m-cap, stock hits 4% upper circuit at 52-week high-mark
11 months, 3 weeks ago

IndiGo is now world’s third-largest airline by m-cap, stock hits 4% upper circuit at 52-week high-mark

Live Mint  

IndiGo has now become the world's third-largest airline in terms of market capitalistaion with shares of the operator InterGlobe Aviation Limited soaring nearly five per cent to achieve a lifetime record-high mark during intra-day on Wednesday, April 10. Apart from today's gain, IndiGo shares have rallied nearly 22 per cent in the last one month, which has now taken the …

India is a price-sensitive market, says IndiGo CEO
1 year ago

India is a price-sensitive market, says IndiGo CEO

The Hindu  

There is healthy and tough competition in the Indian aviation market, which is also price sensitive, India’s largest airline IndiGo’s chief Pieter Elbers said, adding that there is an enormous demand for travel in the country. Mr. Elbers, who heads IndiGo, which has a domestic market share of little over 60%, said the overall price levels in India are "very …

IndiGo share price hits 52-week high. Will it rise more? Should you buy or not?
1 year ago

IndiGo share price hits 52-week high. Will it rise more? Should you buy or not?

Hindustan Times  

IndiGo share price: The share price of IndiGo gained over 2% to hit a 52-week high today. This comes after global brokerage firm UBS raised the target price on the stock and maintained its positive stance citing strong growth prospects of Indian aviation industry, share gains in international travel, efficient cost structure and operational excellence. IndiGo share price IndiGo shares …

IndiGo share price hits 52-week high as UBS remains bullish, raises target price on stock
1 year ago

IndiGo share price hits 52-week high as UBS remains bullish, raises target price on stock

Live Mint  

IndiGo share price gained over 6% to hit a 52-week high on Tuesday after foreign brokerage firm UBS raised the target price on the stock. UBS maintained its positive stance on IndiGo considering the strong growth prospects of the Indian aviation industry, share gains in international travel, efficient cost structure and operational excellence. It maintained a Buy rating on IndiGo …

IndiGo share price at record high, Kotak sees a 30% upside in stock: What next? Should you buy or not?
1 year ago

IndiGo share price at record high, Kotak sees a 30% upside in stock: What next? Should you buy or not?

Hindustan Times  

IndiGo share price: The share price of IndiGo rose almost 3 per cent as it hit its fresh record high of ₹3,339 on BSE today. The share price rose about 2.8 per cent to hit its fresh all-time high level and traded 1.25 per cent higher at ₹3,288.65. IndiGo share price: In the past one year, the stock has gained …

IndiGo founder Rakesh Gangwal's $795 million block sale: Effect on share prices
1 year ago

IndiGo founder Rakesh Gangwal's $795 million block sale: Effect on share prices

Hindustan Times  

Rakesh Gangwal, co-founder of IndiGo, India’s biggest airline, is seeking to raise up to $795 million from selling his stock. This would mark the largest block sale in the country since 2019 as Rakesh Gangwal is offering as many as 22.5 million shares of InterGlobe Aviation Ltd., owner of Indigo, at a floor price of 2,925 rupees each, it was …

IndiGo’s Q3 profit surges 53% as India air travel demand grows
1 year, 1 month ago

IndiGo’s Q3 profit surges 53% as India air travel demand grows

Hindustan Times  

IndiGo, India’s biggest airline, reported a profit for a fifth straight quarter as the budget carrier captured a higher share of passenger traffic during the period. Net income rose 53% to 29.98 billion rupees in the three months through Dec. 31, IndiGo said in a stock exchange filing Friday. Its already large share, currently at 62%, has been growing considering …

Smooth landing for Indigo in Q3 but capacity concerns remain
1 year, 1 month ago

Smooth landing for Indigo in Q3 but capacity concerns remain

Live Mint  

InterGlobe Aviation Ltd, which runs IndiGo, ticked the right boxes in the December quarter. Besides, IndiGo expects to surpass its FY24 capacity addition guidance of north of mid-teens and is likely to deliver 20% plus growth. However, to aid capacity growth, the airline is taking mitigation measures such as procurement of additional aircraft in the form of damp and secondary …

ICICI Bank, Kotak Mahindra Bank, IndiGo, Voltas among 12 stocks to buy this week
1 year, 3 months ago

ICICI Bank, Kotak Mahindra Bank, IndiGo, Voltas among 12 stocks to buy this week

Live Mint  

Nifty 50 clocked a strong gain of about 3.5 per cent last week, scaling its fresh peaks and crossing the 21,000 mark for the first time on factors, including strong GDP growth, RBI's upward revision in growth estimates and expectations of political stability and the continuation of policies after the Lok Sabha election 2024 post-BJP's impressive victory in Madhya Pradesh, …

IndiGo Posts Q2 Profit At Rs 188.9 Crore On Higher Air Traffic, Capacity
1 year, 4 months ago

IndiGo Posts Q2 Profit At Rs 188.9 Crore On Higher Air Traffic, Capacity

News 18  

IndiGo Q2 Results: InterGlobe Aviation, the owner of India’s largest airline IndiGo, on Friday posted a profit after tax of Rs 188.9 crore for the second quarter ended September 30, 2023, on the back of higher air traffic and increased capacity. IndiGo’s total income in July-September 2023 jumped 20.6 per cent to Rs 15,502.9 crore. IndiGo said passengers increased by …

Upward pressure on fuel, supply issues may clip IndiGo’s wings
1 year, 6 months ago

Upward pressure on fuel, supply issues may clip IndiGo’s wings

Live Mint  

The stock of InterGlobe Aviation Ltd, which runs IndiGo airlines, has run up 20% so far in 2023 as the company gained market share amidst Go First’s troubles. “IndiGo being able to maintain domestic market share despite lower PLFs indicates better aircraft/pilot availability for it versus other airlines," said analysts at ICICI Securities in a report on 15 September. In …

IndiGo’s landing is getting tougher
1 year, 7 months ago

IndiGo’s landing is getting tougher

Live Mint  

Investors in the InterGlobe Aviation Ltd stock have little to complain about. “Since the June quarter, the trend reversal in crude/global jet fuel has reflected in higher domestic ATF prices, which have been hiked by 2%/8% for July/August, with a likelihood of another hike in September," wrote Prateek Kumar of Jefferies India in a report on 23 August. View Full …

IndiGo shares drop over 4% after stake sale by Gangwal family
1 year, 7 months ago

IndiGo shares drop over 4% after stake sale by Gangwal family

Live Mint  

IndiGo share price fell more than 4% in early trade on Thursday after a block deal in the equity shares of the company took place on exchanges. According to deal terms seen by Mint, IndiGo co-founder Rakesh Gangwal and his family were to sell around 4% stake in InterGlobe Aviation Ltd for up to $450 million. The block deal is …

IndiGo share price falls 5% after Q1 results; what should investors do?
1 year, 7 months ago

IndiGo share price falls 5% after Q1 results; what should investors do?

Live Mint  

InterGlobe Aviation share price fell over 5 per cent in morning trade on BSE on Thursday a day after the company reported record quarterly profit for the June quarter of the current financial year. Brokerage firm JM Financial has a 'hold' call on IndiGo stock with a target price of ₹2,270 as it said Rakesh Gangwal’s impending stake sale will …

Indigo shares touch all-time high on Airbus order worth $50 billion
1 year, 9 months ago

Indigo shares touch all-time high on Airbus order worth $50 billion

Live Mint  

Interglobe Aviation share price touched all-time high today at ₹2,499.95 apiece on BSE, and gained over 2% in early trade on Tuesday, following the news that the nation's largest airline had signed a 500-aircraft order for an estimated $50 billion with European aircraft manufacturer Airbus SE at the Paris Air Show on Monday. Interglobe Aviation shares opened 2.8% higher at …

Auto, IT ensure Sensex, Nifty end in green; Tata Motors, HCL Tech shine
1 year, 9 months ago

Auto, IT ensure Sensex, Nifty end in green; Tata Motors, HCL Tech shine

Live Mint  

Sensex and Nifty rallied in the final hour to reach near all-time high closing points after remaining in the red in the first half. BHARAT AGRI FERT & REALTY More Information Share Market Today: Nifty Bank continues to remain under pressure with most stocks trading in the red View Full Image Nifty Bank InCred Equities on IndiGo: At current prices, …

IndiGo orders 500 jets in historic deal
1 year, 9 months ago

IndiGo orders 500 jets in historic deal

Live Mint  

InterGlobe Aviation Ltd, the operator of India’s largest airline, has placed an order for 500 narrow-body planes with Airbus, setting a new record for the single-largest purchase in the commercial aviation industry, and taking IndiGo’s total order book to 1,330. IndiGo’s latest order has surpassed the Tata group-backed Air India’s order for 470 aircraft from both Airbus and Boeing in …

IndiGo buys 500 planes from Airbus, the largest order in aviation history
1 year, 9 months ago

IndiGo buys 500 planes from Airbus, the largest order in aviation history

Deccan Chronicle  

PARIS/DELHI: Europe's Airbus secured a historic deal on Monday involving the most jets ever bought by a single airline, with an order for 500 narrowbody jets from Indian budget carrier IndiGo on the opening day of the Paris Airshow. Efforts by Indian carriers to keep pace with the world's fastest-growing aviation market, serving the largest population, have sent industry records …

IndiGo hits record market share in domestic aviation
1 year, 9 months ago

IndiGo hits record market share in domestic aviation

Live Mint  

IndiGo, India’s largest airline, achieved a record market share of 61.4% in the domestic civil aviation industry in May, according to data from the Directorate General of Civil Aviation. Air India group airlines also registered more than 90% load factors with Air India at 90.1% compared to 87.9% a month ago, Vistara at 93.2%, and Air Asia India at 92.8% …

Interglobe Aviation share price: Should you buy, sell or hold this airline stock
1 year, 10 months ago

Interglobe Aviation share price: Should you buy, sell or hold this airline stock

Live Mint  

India's largest airline in terms of market share, Intergloble Aviation traded on a volatile note on Friday after its fourth quarterly figures for FY23. Read here: SBI share price rises 2% on strong Q4 earnings; key positives for this PSB stock ahead During this quarter, Indigo's capacity increased by 49.2% to 30.4 billion, while passenger numbers increased by 60.5% to …

Explained: Why IndiGo shares surged sharply today
1 year, 10 months ago

Explained: Why IndiGo shares surged sharply today

India Today  

Shares of budget carrier IndiGo’s parent company Interglobe Aviation Limited surged sharply on Wednesday. Lenders to Go First, including Central Bank of India, Bank of Baroda, IDBI, and Axis Bank, saw their shares fall in early trade as the insolvency filing came as a surprise to them. Another airline, Spicejet, which is also struggling with its own set of financial …

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