IndiGo flies high on planning to buy up to 100 small planes
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Interglobe Aviation is currently trading at Rs. 4306.30, up by 157.85 points or 3.81% from its previous closing of Rs. 4148.45 on the BSE.
The scrip opened at Rs. 4167.85 and has touched a high and low of Rs. 4313.75 and Rs. 4133.35 respectively. So far 32998 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4313.75 on 15-May-2024 and a 52 week low of Rs. 2,230.45 on 19-May-2023.
Last one week high and low of the scrip stood at Rs. 4313.75 and Rs. 3980.00 respectively. The current market cap of the company is Rs. 165081.16 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) is planning to buy up to 100 small planes and is in discussions with some aircraft makers, including ATR and Embraer. While a final decision is yet to be taken, the broad plan is to go for a firm order of 50 planes and the option to buy 50 more such aircraft.
At present, the airline has 45 ATRs in its fleet and each of them has 78 seats. In April, IndiGo announced an order for 30 A350-900 aircraft and there is also the option to purchase another 70 such aircraft.
InterGlobe Aviation provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.
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