Shares of InterGlobe Aviation, which operates IndiGo Airlines, dropped 3% to day’s low of Rs 4,714.90 on Thursday as company’s co-founder Rakesh Gangwal reportedly sold 2.3 crore shares in a large block deal worth about Rs 11,000 crore. As the billionaire owned about 5.89% stake in IndiGo at the end of the June quarter, Gangwal … Read more
Equity indices soared to new lifetime highs on Thursday, fuelled by intense buying in market heavyweights. In today’s trade, shares of YES Bank, Aster DM Healthcare, ONGC, IndiGo, Bank of Baroda among others will be in focus due to various news developments. YES BankThe Board of YES Bank will meet on June 25 to consider … Read more
After a hectic five days, domestic markets started the new week on a subdued note on Monday and ended slightly lower. In today’s trade, shares of IndiGo, Mphasis, IRB Infra, Raymond, BPCL among others will be in focus due to various news developments. IndiGo InterGlobe Enterprises, one of the promoters of IndiGo, is planning to … Read more
Shares of InterGlobe Aviation, which operates IndiGo Airlines, rose nearly 3% in Friday’s trade on BSE to its new 52-week high of Rs 4,520 after the company’s PAT more than doubled to Rs 1,895 crore in Q4. Revenue from operations increased 26% year-on-year (YoY) to Rs 17,825 crore in the reporting quarter while the airline’s … Read more
India’s leading airline operator InterGlobe Aviation (IndiGo) is expected to post strong profit growth for the third quarter ended December, driven by improving passenger yields and increase in fare prices. Profit for the third quarter is expected to jump as much as 83% year-on-year (YoY), while revenues are seen growing 25% YoY. Airline fares witnessed … Read more
