New Delhi, December 14, 2023.
According to market capitalization, IndiGo has become the 6th largest airline in the world.
Indigo has left America’s United Airlines behind. The jump in the ranking has come due to the continuous rise in the stock of the airline’s parent company InterGlobe Aviation for 12 consecutive days.
For the first time since its listing in 2015, Indigo stock saw a rise in 12 consecutive trading days. The stock has given a return of 16% since the rally started from November 28. Earlier in 2021, there was a rise in prices for 11 consecutive trading days from August 23. However, in the last rally, stockholders got a return of 19%.