IndiGo shares rally 4% to hit 52-week high, market cap crosses Rs 1 lakh cr

Shares of IndiGo, the aviation major, surged over 4% on Wednesday, pushing its market capitalization above Rs 1 lakh crore. The stock has been performing well, with a gain of nearly 29% this year and about 60% in the last year. IndiGo’s recent order to buy 500 narrow-body planes from Airbus has further boosted investor confidence. The airline currently operates over 300 aircraft and has a total order book of almost 1,000 aircraft to be delivered by 2035.