Shares of this airline company fly over 1.70 per cent; do you own it?

A strong up move is seen in the shares of this company after an announcement made by the management about launching 21 new Flights.

The stock opened at Rs 2,038.00 and touched its day high at Rs 2,099.50. The scrip's one-week high and low were Rs 2,048.90 and Rs 1,945.00, respectively. The current market cap of the company is Rs 78,357.39 crore.

InterGlobe Aviation (IndiGo) has launched 21 additional flights as part of its winter schedule for 2022-23, in line with its vision to strengthen regional connectivity. The operations commenced December 09, 2022, onwards for flights from Hyderabad and Kolkata to beach destinations like Port Blair, Kochi, and Goa respectively. These seasonal additions are being introduced to meet rising demand and improve regional accessibility.

These locations are well-known for their stunning tourist attractions. Hyderabad, also known as the City of Pearls, is known for its heritage, which includes famous monuments such as the Charminar, Chowmahalla Palace, Falaknuma Palace, and Qutub Shahi Tomb. Kolkata or 'the city of joy' is known for its colonial architecture, museums, art galleries, traditional food, temples, music, theatre, and a very rich culture. As the British capital during their rule, it is a mix of traditional and modern elements. Some of the most popular tourist attractions include the Victoria Memorial, Princep Ghat, Alipore Zoological Garden, St Paul's Cathedral, Park Street, and the Howrah Bridge.

Interglobe Aviation Limited (Indigo) is India's largest low-cost carrier. It serves 86 destinations, including 24 international destinations, and offers passengers a simple, unbundled product, fulfilling its unique brand promise of "low fares, on-time flights, and courteous and hassle-free service" to its customers. IndiGo began operations with a single aircraft in August 2006 and has since grown to a fleet of 262 aircraft.

The scrip touched its 52-week high at Rs 2,282.05, whereas the 52-week low stood at Rs 2,006.70. The promoters hold 71.93% of the company, while Institutions and Non-Institutions have 25.90% and 2.18%, respectively.