IndiGo Becomes World's 3rd Largest Airline By Market Cap, Shares Jump To Record High

Shares of InterGlobe Aviation, the operator of IndiGo, on Wednesday hit fresh record high as they rose 5 per cent to record Rs 3,806 apiece, extending gains for fourth day in a row. With the latest surge in shares, the budget carrier became world’s third-largest airline in terms of market capitalisation, according to a Bloomberg report.

In the last one month, InterGlobe Aviation’s share has jumped 22 per cent, taking the airline’s mcap to over Rs 1,46,000 crore ($17.5 billion) in total value.

On the BSE, InterGlobe Aviation’s shares on Wednesday jumped Rs 175.2 or 4.82 per cent to close at Rs 3,806.85 apiece. The share price has almost doubled in the last 1 year.