Technically, IndiGo stock seems to be facing resistance around its 100-DMA on the daily chart; however, the short- and the long-term trend seems favourable for the stock.
IndiGo share price: IndiGo has announced a plan to launch a tailor-made business product for India's busiest and business routes
The boost came after the company's announcement of venturing into the wide-body space with an order placement for 30 Firm A350-900 aircraft
In December 2023, IndiGo airline surpassed United to become the sixth largest airline in the world
Singapore-headquartered BOC Aviation Ltd on Wednesday said it has entered into a finance lease transaction with InterGlobe Aviation Ltd (IndiGo). The deal has been signed for four Airbus A320NEO aircraft. "We are pleased to be closing another four finance leases with IndiGo," said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. "We continue to work closely with our long-time customer to support its expansion strategy as it builds a fleet of the latest technology fuel-efficient aircraft," Townend said in a release. The aircraft are all powered by CFM LEAP-1A engines. All four aircraft are scheduled for delivery in 2024. "We are pleased to announce that we have extended our partnership with BOC Aviation through a lease agreement for four Airbus A320NEO aircraft," said Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer of IndiGo. He further said that these aircraft will be instrumental in supporting the company's expansion plans and ...
IndiGo's fuel charges ranged from Rs 300 to Rs 1,000 per ticket based on distance travelled
Stocks to watch on Thursday, November 23, 2023: Honasa Consumer in its first result filing post listing reported a in net profit to Rs 29.40 crore for Q2FY24 as against a loss of Rs 15 crore in Q2FY23
IndiGo's market cap hit Rs 97,921 crore in intra-day trade on Tuesday and was less than 2 per cent from hitting the milestone.
The company is confident that it will return to operational profitability in Q3
InterGlobe Aviation Q1: A strong revival in air passenger traffic going ahead, coupled with better cost management, and network (route) expansion may support IndiGo's profitability in the medium term
In the letter, Gangwal has alleged that "the proposed (new) board structure created a large loophole that gives the IGE Group additional powers that they don't have today."