IndiGo Stock Soars 5%, Crosses Rs 5,000 Mark To Hit Record High; Buy, Sell Or Hold?
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News18
IndiGo Share Price: Shares of InterGlobe Aviation, the operator of IndiGo airline, hit a record high of Rs 5,053.05, soaring 5% on the BSE during Wednesday’s intra-day trade. This surge was driven by expectations of strong passenger growth for the January to March quarter (Q4FY25). The stock surpassed its previous high of Rs 5,033.20, reached on September 12, 2024.
IndiGo remains one of the most efficient low-cost carriers (LCCs), holding a dominant 62% market share in the Indian aviation sector.
IndiGo said it plans to add one aircraft per week till 2030, with the company planning to take the total aircraft capacity to over 600-plus by FY30.
Meanwhile, the company added that it plans to expand its international capacity share to 40% from 25% currently. Furthermore, it plans to expand its range with widebodies from FY25 and XLRs from FY26, allowing the company to take on more international long and mid-long haul routes.
India’s domestic passenger air traffic rose 11% year-on-year (YoY) to 14.6 million in January 2025, with February 2025 data showing further acceleration, suggesting a ~17% YoY growth. IndiGo’s market share continued to rise, increasing by 80 basis points month-on-month (MoM) to reach a record 65.2% in January 2025, reinforcing its strong position in the domestic market, according to analysts at Emkay Global Financial Services.
