Indigo becomes third-largest aviation operator in terms of market capitalization

Interglobe Aviation Airlines, the Parent operator of Indigo has become the world's third largest airline, in terms of market capitalization reaching a new record high by trading 5 percent higher at Rs 3,801 apiece, thus solidifying their gains for the fourth day in a row.

Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel

Read Also : BHEL achieves strong revenue growth and record order inflows in FY 2024–25

The Shares of InterGlobe Aviation witnessed a surge of 22 percent over the past month, with a recent increase of 4.73%, while the shares of the operator of IndiGo airline in India reached over Rs 1,46,000 crore in total value

Read Also : Shri Chitta Ranjan Mohapatra selected as Director in-charge (Bhilai Steel Plant), of SAIL

The aircraft service operator had also 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 3,806.00, up 4.5 percent from the previous close on the NSE. The share price has jumped a massive 99.7 percent in the last year.

Read Also : Shri Surajit Mishra set to be next Director in-charge (Burnpur and Durgapur Steel Plants) at SAIL