IndiGo rises on entering wide-body space with order for 30 Firm Airbus A350-900 aircraft

26 Apr 2024 Evaluate

Interglobe Aviation is currently trading at Rs. 3875.70, up by 57.70 points or 1.51% from its previous closing of Rs. 3818.00 on the BSE.

The scrip opened at Rs. 3855.95 and has touched a high and low of Rs. 3880.00 and Rs. 3850.00 respectively. So far 6063 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3,880.35 on 26-Apr-2024 and a 52 week low of Rs. 2,007.05 on 26-Apr-2023.

Last one week high and low of the scrip stood at Rs. 3880.35 and Rs. 3619.25 respectively. The current market cap of the company is Rs. 147366.66 crore.

The promoters holding in the company stood at 57.29%, while Institutions and Non-Institutions held 38.76% and 3.95% respectively.

InterGlobe Aviation (IndiGo) has strengthened its fleet with the introduction of wide-body aircraft to its fleet. Since inception in 2006, IndiGo has been successfully building its position and is now defining its future further on the path of becoming a global aviation player. IndiGo agreed to place an order for 30 Firm A350-900 aircraft, which will enable IndiGo to spread its wings further and expand its network. From the various Indian metros, IndiGo will be able to connect to the world. The aircraft will be powered by Rolls Royce’s Trent XWB engine. The mission capability of this aircraft coupled with the efficiency of the Trent XWB engine will offer IndiGo unprecedented optionality as it embarks on the next stage of its wonderful journey of addressing the rapidly evolving needs of the Indian customer and the nation.  

Currently, IndiGo operates over 350 aircraft. Last year, in June 2023, IndiGo placed the largest ever single aircraft order by any airline for 500 aircraft with Airbus. With that, the outstanding orderbook of A320 Family aircraft stands at almost 1,000 aircraft which are yet to be delivered well into the next decade. This IndiGo order-book comprises a mix of A320NEO, A321NEO and A321XLR aircraft. This new order will bring the strategic relationship between IndiGo and Airbus to an unprecedented level in terms of depth, breadth, and size. For the relationship between IndiGo and Rolls Royce, this marks the beginning of a new, long and fruitful relationship. 

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


Interglobe Aviation Share Price

4350.70 -83.25 (-1.88%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Interglobe Aviation 4350.70
SpiceJet 57.84
Global Vectra Helico 298.75
Taneja Aerospace 435.00
TAAL Enterprises 2922.85
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