InterGlobe Aviation shares today defied broader market trend and settled for the day in the positive territory with gains of 1.40 per cent after the company said it has launched 24 new domestic flights.
InterGlobe Aviation, which runs budget carrier IndiGo, yesterday announced the launch of 24 new flights on its domestic network which include first daily non-stop flight between Delhi and Thiruvananthapuram.
Following the announcement, the shares of the company opened on a bullsih note at Rs 1,235.00, then gained further ground and touched an intra-day high of Rs 1,280 on the BSE.
At the end of today's trading session, the scrip was quoted at Rs 1,252.75, up 1.48 per cent on BSE.
Mirroring similar trend, the shares of the company opened on a strong note at Rs 1,231.95 on NSE.
It touched an intra-day high of Rs 1,280 and finally settled at Rs 1,250.55, up 1.22 per cent on NSE.
Market experts said the uptick in the counter was largely because of launch of new flights as the broader market closed at 24,851.83, down 554.50 points or 2.18 per cent.
The introduction of these new flights would help IndiGo cross 650 flights mark as it will offer a total of 671 flights per day connecting 39 destinations.
IndiGo will also introduce additional daily non-stop flights from Bengaluru to Visakhapatnam, Bhubaneswar, Ahmedabad besides launching services on the Bhubaneswar - Kolkata and Chennai-Thiruvananthapuram routes, the airline had said.
Flights on these routes as well as Delhi- Thiruvananthapuram route will come into operations from today.
With effect from January 14, IndiGo will launch its sixth daily non-stop flight between Chennai and Hyderabad, it said adding that it will also launch 10 flights on January 15, connecting Bengaluru to Kolkata, Delhi to Ahmedabad, Delhi to Bengaluru, Delhi to Kolkata and Hyderabad to Mumbai.
