InterGlobe Aviation Limited’s IndiGo has become India’s first airline with a combined market capitalisation (m-cap) of more than Rs 1 lakh crore. The stock hit a 52-week high of Rs. 2,634.25 on the BSE earlier in the session 28 June 2023, with a market value of ₹1.01 trillion.
The turnover of the company stood at Rs 9.20 crore on BSE, commanding a m-cap of Rs. 1,01,007.56 crore. The stock on June 28 climbed 3.55 percent to settle at Rs 2,619.85 over its previous close of Rs 2,529.95. The scrip has so far gained more than 28 percent this year.
The market share of India’s largest airline rose 60 percent, up 390 basis points in May. Its market share stood at 61.3 percent after rising 70 basis points in April, 90 basis points in March, and 130 basis points in February. The low-cost carrier flew 81.10 lakh passengers in May 2023. One basis point is one-hundredth of a percentage point.
In June, IndiGo announced a massive order of 500 Airbus Neo family aircraft, to be delivered between 2030 and 2035. The deal, worth $50 billion, is the biggest single purchase agreement in aviation history.