IndiGo rises on planning to start flights to six destinations in Africa, Central Asia
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Interglobe Aviation is currently trading at Rs. 2399.45, up by 12.75 points or 0.53% from its previous closing of Rs. 2386.70 on the BSE.
The scrip opened at Rs. 2390.00 and has touched a high and low of Rs. 2407.30 and Rs. 2377.80 respectively. So far 11538 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2412.00 on 30-May-2023 and a 52 week low of Rs. 1513.30 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 2412.00 and Rs. 2316.05 respectively. The current market cap of the company is Rs. 92567.93 crore.
The promoters holding in the company stood at 67.86%, while Institutions and Non-Institutions held 29.93% and 2.21% respectively.
InterGlobe Aviation (IndiGo) is planning to start direct flights to six new destinations in Africa and Central Asia, including to Nairobi, Tbilisi and Tashkent, this year. Embarking on ‘massive’ international expansion plans, the carrier will connect Nairobi in Kenya and Jakarta in Indonesia, with direct flights from Mumbai in late July or early August.
The addition of these exciting new destinations, new direct flight routes, enhanced flight frequencies, and strategic codeshare partnerships, will help it expand its footprint across four continents with Africa and Central Asia being penetrated for the first time. With this expansion in its network, it will now be directly touching 32 international destinations (up from 26), next to its 78 domestic destinations.
InterGlobe Aviation provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.
