IndiGo Stock Soars 5%, Crosses Rs 5,000 Mark To Hit Record High; Buy, Sell Or Hold? – News18
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Shares of InterGlobe Aviation, the operator of IndiGo airline, hit a record high of Rs 5,053.05, soaring 5% on the BSE; Should you invest?
IndiGo (File Photo)
IndiGo Share Price: Shares of InterGlobe Aviation, the operator of IndiGo airline, hit a record high of Rs 5,053.05, soaring 5% on the BSE during Wednesday’s intra-day trade. This surge was driven by expectations of strong passenger growth for the January to March quarter (Q4FY25). The stock surpassed its previous high of Rs 5,033.20, reached on September 12, 2024.
IndiGo remains one of the most efficient low-cost carriers (LCCs), holding a dominant 62% market share in the Indian aviation sector.
IndiGo said it plans to add one aircraft per week till 2030, with the company planning to take the total aircraft capacity to over 600-plus by FY30.
Meanwhile, the company added that it plans to expand its international capacity share to 40% from 25% currently. Furthermore, it plans to expand its range with widebodies from FY25 and XLRs from FY26, allowing the company to take on more international long and mid-long haul routes.
IndiGo’s expansion into key markets across Asia and Europe is set to enhance its global presence. A key development in this strategy is the introduction of the Airbus A321 XLR aircraft, with deliveries scheduled to begin in FY26. This milestone will support IndiGo’s long-haul international operations, improving fleet efficiency.
Moreover, the airline anticipates receiving over one aircraft per week in FY26 and is targeting early double-digit capacity growth, further solidifying its leadership position in India’s aviation sector.
IndiGo Share Price Performance
IndiGo’s stock has surged 51.98% over the past year. Year-to-date (YTD), it has gained 6.99%, and over the last six months, the stock has risen 0.79%. In the past three months, it has climbed 10.79%, and over the last month, it has increased by 11.66%.
India’s domestic passenger air traffic rose 11% year-on-year (YoY) to 14.6 million in January 2025, with February 2025 data showing further acceleration, suggesting a ~17% YoY growth. IndiGo’s market share continued to rise, increasing by 80 basis points month-on-month (MoM) to reach a record 65.2% in January 2025, reinforcing its strong position in the domestic market, according to analysts at Emkay Global Financial Services.
Shares of InterGlobe Aviation Ltd. are likely to be included in the Nifty 50 index during the next review in September this year, according to an early analysis by Nuvama Alternative and Quantitative Research.
“We believe there is a very high probability of IndiGo being added to the Nifty 50 in the September 2025 review,” Nuvama Alternative stated in a note.
IndiGo could potentially replace Hero MotoCorp in the Nifty 50, the note suggested.
Additionally, Nuvama Alternative highlighted that the lock-in period for promoter selling has ended, which could lead to a stake sale. If this occurs, it may present a buying opportunity for investors.
The note further indicated that IndiGo’s shares could continue to perform well, with potential upside targets of Rs 5,600 and Rs 5,700.
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