IndiGo shares hit all-time high as Q3 beats estimates
IndiGo shares surge as much as 5.6% to hit a new all-time high of ₹3,301.40 today; the aviation stock has rallied 15% in the last six sessions.
IndiGo shares surge as much as 5.6% to hit a new all-time high of ₹3,301.40 today; the aviation stock has rallied 15% in the last six sessions.
The company aims to utilise the fund to enhance the low-cost airline’s product presence and market reach as well as to expand its fleet, route network and technological advancements.
Rakesh Gangwal, who resigned from IndiGo’s board in February 2022, is looking to pick up a 'sizable' stake in SpiceJet.
The aviation heavyweight has been witnessing profit booking after hitting its all-time high levels of ₹2,745.95 on July 13, 2023.
Niraj Kumar, chief investment officer, Future Generali India Life Insurance, sees opportunities in aviation, automobile, commodity-related sectors and telecom.