Powered by: Motilal Oswal
29-02-2024 03:34 PM | Source: Accord Fintech
IndiGo flies high on unveiling new domestic route additions to upcoming summer schedule

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Interglobe Aviation is currently trading at Rs. 3147.30, up by 25.60 points or 0.82% from its previous closing of Rs. 3121.70 on the BSE.

The scrip opened at Rs. 3122.05 and has touched a high and low of Rs. 3157.50 and Rs. 3081.00 respectively. So far 10246 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3301.40 on 05-Feb-2024 and a 52 week low of Rs. 1810.45 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 3216.35 and Rs. 3081.00 respectively. The current market cap of the company is Rs. 121505.47 crore.

The promoters holding in the company stood at 63.13%, while Institutions and Non-Institutions held 33.42% and 3.46% respectively.

InterGlobe Aviation (IndiGo) has unveiled new domestic route additions to the upcoming summer schedule. Commencing from March 31, 2024, the airline will be operating direct flights between Ahmedabad-Rajkot, Ahmedabad-Aurangabad, Bhopal-Lucknow, Indore-Varanasi. The airline has also announced direct flights between Kolkata-Srinagar and Kolkata-Jammu from April 10, 2024 and April 21, 2024, respectively. 

Flights between Kolkata-Jammu via Srinagar are also set to begin from April 10, 2024. These new connections with major hubs like Ahmedabad, Lucknow, and Kolkata, will enhance mobility and provide connectivity to other domestic and international destinations while increasing access for both business travelers and tourists alike.

These new routes also facilitate trade, commerce, and employment opportunities, further strengthening ties between the cities. IndiGo is playing a key role in bolstering the economic growth of these cities through enhanced connectivity and accessibility, thereby solidifying its position as the preferred airline in India.

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