23 May 2025

InterGlobe Aviation Rises on BSE; Launches Direct Madurai–Abu Dhabi Flights

InterGlobe Aviation is trading at RS. 5512.05, up by 9.35 points or 0.17% from its previous close of RS. 5502.70 on the BSE.

The stock opened at RS. 5520.00 and has touched an intraday high of RS. 5530.50 and a low of RS. 5470.00. A total of 3414 shares have been traded so far.

Classified under BSE group 'A', the stock with a face value of RS. 10 has recorded a 52-week high of RS. 5665.65 on May 19, 2025, and a 52-week low of RS. 3778.50 on October 28, 2024. Over the past week, the scrip’s high and low stood at RS. 5665.65 and RS. 5330.00 respectively. The company currently holds a market capitalization of RS. 213313.79 crore.

Promoter holdings in the company stand at 49.27%, with institutional investors holding 45.84% and non-institutional investors owning 4.88%.

In a major expansion move, InterGlobe Aviation (IndiGo) has announced new direct flights from Madurai, Tamil Nadu, to Abu Dhabi, starting June 13, 2025. With this, Madurai becomes the 16th Indian city to have direct air connectivity to the UAE capital, following recent additions from Bhubaneswar and Visakhapatnam.

The tri-weekly Madurai–Abu Dhabi service enhances IndiGo’s international network and supports smoother, more affordable global travel for Indian passengers.

This new connection is expected to spur economic growth by facilitating the export of local products such as agricultural goods and textiles from Madurai to global markets. It also provides faster and more convenient travel for business professionals, students, and families.

With over 280 weekly flights to five destinations in the UAE from 20 Indian cities, IndiGo continues to strengthen its position as India’s leading international airline. InterGlobe Aviation operates the IndiGo brand and provides both domestic and international air transportation services.