Powered by: Motilal Oswal
06-08-2024 11:23 AM | Source: Accord Fintech
IndiGo gains on collaborating with RECARO Aircraft Seating

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Interglobe Aviation is currently trading at Rs. 4291.15, up by 65.90 points or 1.56% from its previous closing of Rs. 4225.25 on the BSE.

The scrip opened at Rs. 4262.10 and has touched a high and low of Rs. 4328.40 and Rs. 4262.10 respectively. So far 8439 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4610.00 on 10-Jun-2024 and a 52 week low of Rs. 2334.95 on 28-Sep-2023.

Last one week high and low of the scrip stood at Rs. 4512.00 and Rs. 4164.65 respectively. The current market cap of the company is Rs. 165670.83 crore.

The promoters holding in the company stood at 55.29%, while Institutions and Non-Institutions held 39.88% and 4.83% respectively.

InterGlobe Aviation (IndiGo) has partnered with RECARO Aircraft Seating to equip its upcoming A321neo business cabins with the award-winning R5 seats. The RECARO R5 seats will offer advanced comfort and robust functionality, featuring a 38-inch pitch and a customized, ergonomic design, lightweight design. Additionally, the aircraft will feature the RECARO R2 seats in economy class.

A total of 45 Shipsets have been ordered to meet this upgrade, with each A321neo aircraft featuring 12 business class seats and 208 economy class seats. Aircraft deliveries are scheduled to begin in Q4 2024, and all business class installations are expected to be completed by the end of 2025.

The R5 seats are distinguished by customized diamond pattern quilted dress covers and advanced comfort cushions. The unique backrest with privacy wings and oversized center console offering storage for small items enhances the flying experience for business class passengers on short and medium-haul flights. Each seat is also equipped with PC power and USB-C charging outlets, as well as a tablet holder for an enhanced inflight entertainment experience.

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