Shares of InterGlobe Aviation, which runs the country’s largest airline IndiGo, hit a new high of Rs 2,539.80 on rallying 3 per cent on the BSE in Tuesday’s intra-day trade amid expectations of healthy earnings growth. The stock has surpassed its previous high of Rs 2,507.95, touched on June 23. In past two months, the stock has zoomed 26 per cent.
A sharp surge in stock price of InterGlobe Aviation (IndiGo) has seen the market capitalisation (market cap) of the company reach within striking distance of hitting the Rs 1 trillion mark. IndiGo’s market cap hit Rs 97,921 crore in intra-day trade, and was just 2 per cent shy from the milestone.
