Shares of InterGlobe Aviation, parent of IndiGo, on Friday gained as much as 2.85 per cent to Rs 1,256 highest since May 31 last year. The stock is up 19.6 per cent in the last three months as of Thursday’s close, outperforming the broader NSE 3.4 per cent gains in the same period.
The shares are trading at Rs 1,251.65, up 2.50 per cent or 30.50 points on BSE at the time of reporting.
“Reduced operations by Jet Airways and other stressed airlines combined with a significant increase in average ticket prices benefits Interglobe the most. As such the current move is fundamental driven and could continue further”, market expert Sandip Sabharwal told Financial Express Online.
