IndiGo becomes 3rd largest airline by market capitalisation after stocks hit new high
Mumbai: IndiGo Airlines became the world's third largest airline on Wednesday in terms of market capitalisation as stocks of its operator InterGlobe Aviation Limited climbed to a new record high on April 10 by trading 5 percent higher at Rs 3,801 apiece during afternoon trade, thus bolstering their gains for the fourth day in a row, media reports said.
Shares of InterGlobe Aviation witnessed a 22 percent rally over the past one month, taking shares of the operator of IndiGo airline in India to over Rs 1,46,000 crore ($17.5 billion) in total value, Bloomberg data showed.
IndiGo had crossed United Airlines in December 2023 to hit the position of sixth-largest airline globally.
According to data, Delta Air and Ryanair Holdings occupy the first two positions with $30.4 billion and $26.5 billion m-cap, respectively.
InterGlobe Aviation was trading at Rs 3,798 as of 3:04 pm, up 4.5 percent from the previous close on the NSE.
The share price has jumped a massive 99.7 percent in the last one year.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Farah Khan breaks silence on 'unfollowing' Deepika Padukone and '8-hr shift' remark
'It feels good when country's leader bats on front foot': Suryakumar Yadav on PM Modi's 'Operation Sindoor on games field' post
US asked India not to start war against Pakistan after 26/11: Chidambaram's admission embarrasses Congress; BJP reacts
Nicole Kidman, Keith Urban separate after 19 years
