30 Aug 2024

IndiGo Takes Off with New Daily Direct Flights from Bengaluru to Jeddah

InterGlobe Aviation's stock is currently trading at Rs. 4828.20, marking a rise of 69.25 points or 1.46% from its previous close of Rs. 4758.95 on the BSE.

The stock opened at Rs. 4779.95, reaching a high of Rs. 4866.60 and a low of Rs. 4779.95 so far. Around 22,569 shares have been traded today.

The company’s 52-week high stands at Rs. 4944.60 (as of 28-Aug-2024), and its 52-week low was Rs. 2334.95 (28-Sep-2023). The stock's weekly high and low were Rs. 4944.60 and Rs. 4603.45, respectively, with the company's market capitalization reaching Rs. 186722.47 crore.

IndiGo, operated by InterGlobe Aviation, has started daily direct flights between Bengaluru and Jeddah, beginning September 30, 2024. This new route is aimed at facilitating easier travel for business and leisure, along with religious journeys, particularly for pilgrims heading to Mecca for Hajj and Umrah. 

The new service will strengthen trade relations between India and Saudi Arabia, supporting market access for businesses in both countries. This connection also enhances India’s growing ties with the Middle East, boosting tourism, culture, and trade between the two regions.

IndiGo is one of India’s leading airlines, providing both domestic and international air transportation services.