06 Aug 2024

IndiGo Shares Rise Amid Collaboration with RECARO Aircraft Seating

Interglobe Aviation's stock is currently trading at Rs. 4291.15, marking an increase of 65.90 points or 1.56% from its previous close of Rs. 4225.25 on the BSE.

The stock opened at Rs. 4262.10 and reached a high of Rs. 4328.40 and a low of Rs. 4262.10 during the session. A total of 8439 shares have been traded so far.

The 'A' group stock, with a face value of Rs. 10, hit a 52-week high of Rs. 4610.00 on June 10, 2024, and a 52-week low of Rs. 2334.95 on September 28, 2023.

In the past week, the stock's high and low were Rs. 4512.00 and Rs. 4164.65, respectively. The company’s current market capitalization stands at Rs. 165670.83 crore.

Promoters hold 55.29% of the company, while institutional and non-institutional investors own 39.88% and 4.83%, respectively.

InterGlobe Aviation (IndiGo) has teamed up with RECARO Aircraft Seating to outfit its new A321neo business cabins with the award-winning R5 seats. These seats provide advanced comfort and functionality, featuring a 38-inch pitch and an ergonomic, lightweight design. Additionally, the economy class will be equipped with RECARO R2 seats.

A total of 45 shipsets have been ordered, each A321neo aircraft will have 12 business class seats and 208 economy class seats. Deliveries are set to begin in Q4 2024, with all business class installations completed by the end of 2025.

The R5 seats are noted for their custom diamond-pattern quilted dress covers and advanced comfort cushions. The unique backrest with privacy wings and an oversized center console for small item storage enhances the business class experience on short and medium-haul flights. Each seat also includes PC power and USB-C charging outlets, along with a tablet holder for improved in-flight entertainment.

InterGlobe Aviation provides air transportation services both within India and internationally, primarily operating the IndiGo passenger airline.