IndiGo shares hit 52-week high after historic aircraft order

IndiGo’s shares jumped in early trade on Tuesday to hit its 52-week high after the company on Monday placed the largest-ever order in aviation history.

The stock of InterGlobe Aviation Ltd, the parent company of IndiGo, jumped 10 per cent at open to touch its 52-week high of Rs 2,499.95 on BSE.

IndiGo’s shares ended 0.30 per cent higher at Rs 2,440 on BSE today. Meanwhile, BSE benchmark Sensex gained 159.40 points, or 0.25 per cent to 63,327.70, and broader NSE Nifty50 gained 61.25 points, or 0.33 per cent to 18,816.70.

India’s largest airline IndiGo on Monday announced that it has placed a mega aircraft order for 500 Airbus A320neo family planes. With this, the airline has dwarfed Air India’s order for 470 Airbus and Boeing planes in February.