IndiGo climbs on reports of Airbus buy

IndiGo stock climbed over 4 per cent after the airliner said it is close to placing a near-record order for more than 300 Airbus.

The airline, however, did not disclose the value of order.

It may be noted that A320neo-family jets worth at least $33 billion at recent catalogue prices.

With this, IndiGo’s total number of A320neo family aircraft order now stands at 730, the airline said in a statement.

This deal would cement its position as India’s largest carrier in terms of market share.

The stock surged nearly 5 per cent to Rs 1,476.90 on the BSE today. Volumes trade in the counter were 79,000 shares on the BSE