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

Air Traffic hits record high level, IndiGo leads the pack with 63.6 per cent share
Trending News
1 day, 12 hours 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 …

IndiGo's 100% stock rally: What comes next?
1 week, 6 days 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
2 weeks, 6 days 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
2 weeks, 6 days 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 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% …

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
3 weeks, 5 days 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 weeks, 1 day 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 weeks, 1 day 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%
1 month 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
1 month 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%
1 month, 1 week 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
1 month, 2 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 …

Indigo Airlines share price down over 3% as Interglobe Enterprises plans to offload stake worth $394 million
6 months, 2 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
7 months 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. …

IndiGo is now world’s third-largest airline by m-cap, stock hits 4% upper circuit at 52-week high-mark
8 months, 2 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
8 months, 3 weeks 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?
8 months, 4 weeks 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
8 months, 4 weeks 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?
9 months 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
9 months, 2 weeks 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
10 months, 2 weeks 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
10 months, 2 weeks 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 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, 1 month 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, 3 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 share price falls 5% after Q1 results; what should investors do?
1 year, 4 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 …

Auto, IT ensure Sensex, Nifty end in green; Tata Motors, HCL Tech shine
1 year, 6 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 buys 500 planes from Airbus, the largest order in aviation history
1 year, 6 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, 6 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, 7 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, 7 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 …

IndiGo Q3 net profit up 1,000% to ₹1,442 cr
1 year, 10 months ago

IndiGo Q3 net profit up 1,000% to ₹1,442 cr

Live Mint  

InterGlobe Aviation, the parent company of Indigo on Friday reported 1000 per cent rise in net profit to ₹1422.6 crore for the December 2022 quarter. For the quarter, passenger ticket revenues were ₹13162.4 crore, an increase of 63.0% and ancillary revenues were ₹1422.2 crore, an increase of 24.6% compared to the same period last year. Total expenses for the quarter …

Domestic air traffic rises 14% in Dec, IndiGo market share falls
1 year, 11 months ago

Domestic air traffic rises 14% in Dec, IndiGo market share falls

Live Mint  

The Directorate General of Civil Aviation on Thursday informed that domestic airline traffic witnessed a 47% rise in 2022 as compared to last year. The civil aviation regulator's analysis of data submitted by various domestic airlines showed that passenger growth from January to December 2022 was a whopping 123 million as against 83 million during the same period in 2021. …

Gangwal to sell Indigo stake for $250m
2 years, 3 months ago

Gangwal to sell Indigo stake for $250m

Live Mint  

MUMBAI/NEW DELHI : Rakesh Gangwal, co-founder of India’s biggest airline, IndiGo, will sell up to a 2.8% stake in Interglobe Aviation Ltd through a block deal that will fetch him at least $250 million, according to deal terms reviewed by Mint. The selling shareholders include Rakesh Gangwal, Shobha Gangwal and The Chinkerpoo Family Trust, collectively the Rakesh Gangwal promoter group, …

Why the challenge to IndiGo hasn't taken off
2 years, 3 months ago

Why the challenge to IndiGo hasn't taken off

Live Mint  

NEW DELHI : In July this year, as passengers flocked to airports and the domestic aviation business picked up steam, the country’s largest airline appeared to sputter. IndiGo reported an On Time Performance of 80.8% that month from the four large metro airports, lagging every other scheduled domestic airline except Alliance Air, according to data from aviation regulator Directorate General …

IndiGo, SpiceJet shares rise as govt lifts cap on flight ticket prices
2 years, 4 months ago

IndiGo, SpiceJet shares rise as govt lifts cap on flight ticket prices

Live Mint  

A day after the civil aviation ministry said it will remove the cap on flight ticket prices which was imposed two years ago due to the coronavirus pandemic, shares of Indian domestic airlines, Spicejet and IndiGo rose today. Shares of IndiGo's parent InterGlobe Aviation Ltd rose as much as 2.3% to ₹2084.6 while smaller SpiceJet Ltd jumped as much as …

The headwinds on Indigo’s profit path
2 years, 4 months ago

The headwinds on Indigo’s profit path

Live Mint  

One of the things that stands out in InterGlobe Aviation Ltd’s June quarter results is the strength in its yields, a measure of pricing. IndiGo’s yields rose to ₹5.24 in the June quarter from ₹4.40 in the preceding three months and ₹3.48 in the year-earlier quarter. The 15-day domestic forward prices also dipped by 8% month on month due to …

IndiGo expects to be on ‘profitable growth’ path soon; working to address staff issues: Dutta
2 years, 4 months ago

IndiGo expects to be on ‘profitable growth’ path soon; working to address staff issues: Dutta

The Hindu  

IndiGo expects to be on the “profitable growth” path soon as the pandemic-triggered crisis seems to be ending and the airline is also working to address the issues of employees, according to its CEO Ronojoy Dutta. I assure you that we are working on resolving each and every issue to ensure that we continue our journey to become better than …

Indigo Paints shares open at Rs 2,607.50, listed at 75 percent premium over issue price
3 years, 10 months ago

Indigo Paints shares open at Rs 2,607.50, listed at 75 percent premium over issue price

Firstpost  

Shares of Indigo Paints, India’s fifth-largest company in the decorative paints segment, listed at Rs 2,607.50 apiece on the National Stock Exchange, a 75 percent premium over the issue price of Rs 1,490 per share. Experts opined the listing premium of the paint company could be around 50 percent over the issue price following the strong subscription its public offer …

Indigo Paints IPO subscribed 1.90 times on day 1 of bidding
3 years, 11 months ago

Indigo Paints IPO subscribed 1.90 times on day 1 of bidding

India TV News  

The initial public offer of Indigo Paints was subscribed 1.90 times on the first day of bidding on Wednesday. The portion reserved for qualified institutional buyers was subscribed 10 per cent, non institutional investors 1.10 times and retail individual investors 3.29 times. The initial public offer comprises a fresh issue of up to Rs 300 crore and an offer for …

IndiGo to raise at least ₹20 billion via leaseback
4 years, 4 months ago

IndiGo to raise at least ₹20 billion via leaseback

Live Mint  

BENGALURU/NEW DELHI: IndiGo, India's largest airline, said on Wednesday it planned to raise at least ₹20 billion through the sale and leaseback of planes and other assets, after reporting its steepest quarterly loss in at least five years. Chief Financial Officer Aditya Pande said the airline, owned by Interglobe Aviation Ltd, would consider raising even more than 20 billion rupees …

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