Indigo shares hit 52-week high and gave bumper profits to investors, this is the reason

Indigo Share Price: Shares of Interglobal Aviation i.e. Indigo have come to the high level of 52 weeks today. The price of its shares has come down to Rs 2500 per stock. This rise in Indigo’s stock has come on the basis of the news of buying 500 new Airbus A320 family aircraft from InterGlobe Aviation. The value of this deal is said to be around $50 billion. The airline will get these aircraft during 2030-2035.

Indigo will get tremendous benefit

After this deal, further increase will be seen in the top position of Indigo. This deal of Indigo is being seen as a preparation to continue as the largest private sector airline in the world’s third largest aviation market, India. Apart from this, further expansion of the Indian airline to international destinations will also be seen. With this order, InterGlobe Aviation will emerge as the largest customer of the A320 family.

What was the news yesterday, due to which the shares ran today

The largest private sector airline Indigo i.e. InterGlobe Aviation is going to buy 500 new Airbus A320 family aircraft. This is the order for the largest number of aircraft delivered simultaneously by any Indian airlines. These aircraft are expected to be delivered between 2020 and 2035. It was guessed only yesterday that Indigo’s shares will run away in today’s business.

Affordable air travel will get a boost in India – Indigo

IndiGo’s promoter and MD Rahul Bhatia, Indigo CEO Pieter Elbers and Airbus CEO Guillaume Faury signed the historic purchase agreement with Airbus for the order to buy 500 new A320 aircraft during the Paris Air Show 2023. Airbus said in its tweet that through this deal, it will help in promoting affordable air travel in India.

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