INDIA'S FIRST AIRLINE TO CROSS RS 1 TRILLION MARKET VALUE

InterGlobe Aviation, India’s First Aviation Company to Cross Rs 1 Trillion Market Cap

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InterGlobe Aviation Ltd, the parent company of budget carrier Indigo, has become the first aviation company in India to surpass a market capitalization of Rs 1 trillion. This achievement was reached as the company’s shares soared to a record high, registering a 29 percent increase year-to-date. On the Bombay Stock Exchange (BSE), the stock reached a peak of Rs 2,595, representing a 2.5 percent rise compared to the previous closing, resulting in a market capitalization of Rs 1.01 trillion. Since March 28, the stock has experienced an impressive surge of almost 38 percent.

Among the top ten listed aviation firms globally, Indigo currently holds the 10th position in terms of market value. Delta Airlines Inc holds the top position as the world’s largest airline by market capitalization, amounting to $29.62 billion. Following Delta are South West Airlines Co and Ryanair Holdings PLC. United Airlines Holdings PLC ranks fourth, with Air China, Singapore Airlines, China Southern Airlines, China Eastern Airlines Co, and Deutsche Lufthansa following suit.