IndiGo flies high on aiming to gradually expand flight operations by end of FY21
Interglobe Aviation is currently trading at Rs. 1291.45, up by 10.05 points or 0.78% from its previous closing of Rs. 1281.40 on the BSE.
The scrip opened at Rs. 1240.00 and has touched a high and low of Rs. 1310.60 and Rs. 1240.00 respectively. So far 195858 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1911.00 on 23-Sep-2019 and a 52 week low of Rs. 765.05 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 1310.60 and Rs. 1171.85 respectively. The current market cap of the company is Rs. 49665.66 crore.
The promoters holding in the company stood at 74.86%, while Institutions and Non-Institutions held 22.35% and 2.79% respectively.
InterGlobe Aviation (IndiGo) is aiming to gradually expand its flight operations and reach the pre-COVID-19 full capacity by the end of financial year 2020-21. Currently, the country’s largest airline in terms of market share is operating around 600 flights per day, which is around 42 per cent of its pre-COVID-19 domestic schedule of around 1,420 services.
The airline is looking to resume flights to the neighbouring countries where it used to operate services before the coronavirus pandemic halted air travel. It is waiting for the Indian government to conclude its discussions with the neighbouring countries and establish bilateral air bubble arrangements.
InterGlobe Aviation provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.