This airline company is dominating with 60 per cent market share in May 2023!
Company has given more than 45 per cent return over the past one year.
IndiGo Airlines, listed under the name of InterGlobe Aviation Ltd, achieved a historic milestone by securing a 61.4 per cent market share in the domestic civil aviation sector for May 2023, according to figures from the Directorate General of Civil Aviation (DGCA). This is the airline's highest market share in over 16 years and the second time it has exceeded the 60 per cent milestone.
The market shares of other airlines are as follows: Akasa Air with 4.8 per cent, SpiceJet with 5.4 per cent, and the combined market share of Air India group airlines at 26.3 per cent. Go First, which held a 6.4 per cent market share in April, ceased operations on May 3.
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Yesterday, the stock closed at Rs 2415.20. Today, it opened at Rs 2420.05 and closed at Rs 2426.30, up by 0.46 percent. The company is currently trading near its 52-week high, with a 52-week range of Rs 2488 and a 52-week low of Rs 1513.30. The company has a market capitalization of around Rs 93,500.
IndiGo is India's largest passenger airline, primarily operating in the domestic air travel market as a low-cost carrier. The airline focuses on three pillars: offering low fares, being on-time, and delivering a courteous and hassle-free experience. IndiGo has become synonymous with punctuality.