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IndiGo becomes third largest airline worldwide by market cap

InterGlobe Aviation's stock price reaches record high, trading 5% higher at ₹3,801 per share
IndiGo becomes world's third-largest airline by market capitalization, with total value exceeding ₹1,46,000 crore ($17.5 billion)
Analysts maintain positive outlook on InterGlobe Aviation, citing strong growth prospects and robust market position

IndiGo becomes third largest airline worldwide by market cap

InterGlobe Aviation Limited, the operator of IndiGo airline in India, witnessed a surge in its stock price, reaching a record high today (April 10). Trading 5% higher at ₹3,801 per share, the carrier extended its gains for the fourth consecutive day.

This surge propelled InterGlobe Aviation to become the world's third-largest airline in terms of market capitalization, with Bloomberg reporting its total value surpassing ₹1,46,000 crore ($17.5 billion).

The remarkable performance of InterGlobe Aviation's stock is evident from its 22% rally over the last month, showcasing investors' confidence in the company. With its stock price soaring, IndiGo's market cap trajectory reflects its substantial growth and prominence in the aviation industry.

Analysts from UBS and ICICI Securities have expressed bullish sentiments towards InterGlobe Aviation, citing factors such as strong growth prospects in the Indian aviation sector, share gains in international travel, efficient cost structure, and operational excellence.

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