Shares of this large-cap aviation company flew high today on launching 'Super 6E'

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by 5paisa Research Team Last Updated: Jan 25, 2023 - 09:54 pm 2.7k Views
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The share price jumped after the company announced the launching of 14 new international routes.

On Wednesday, the shares opened at Rs 2,092.05 and made their day high at Rs 2,118.75 a piece.

Super 6E has been introduced by InterGlobe Aviation (IndiGo) as of January 20, 2023, on flights from India to Colombo, Kuala Lumpur, Dammam, Jeddah, Bangkok, Hong Kong, Kuwait, Doha, Hanoi, Ho Chi Minh, Vietnam, Male, Kathmandu, and Riyadh. With these updates, IndiGo is now able to provide Super 6E rates on flights to 23 different overseas locations. Last year, the airline began offering this service on flights to Bahrain, Singapore, Istanbul, Dhaka, Abu Dhabi, Sharjah, and Ras Al Khaimah.

The new "Super 6E" fare for international routes will come with an additional 10kg of baggage allowance, free seat selection, including an XL seat, meal and snack pairing options, priority check-in and luggage collection on arrival, anytime boarding, delayed and lost baggage protection service, reduced change fee, reduced cancellation fee, as well as no convenience fee.

The package deal was created to give clients the most popular services for one price. These special prices may be found on the IndiGo website, mobile app, and API channel, and they will gradually become accessible on additional channels as well. Super 6E rates are only available to customers at the time of booking.

India's biggest low-cost airline, Interglobe Aviation Ltd undertakes its operations under the brand namely “Indigo”. It delivers passengers with a straightforward, unbundled product while serving 86 locations, including 24 international ones, and delivering on its unique brand promise of giving consumers "cheap rates, on-time flights, and a polite and hassle-free service."

The 52-week high of the stock is Rs 2,282.25 whereas the 52-week low was at Rs 1,513.30. Promoter’s holdings stood at 71.92% whereas Institutional and Non-Institutional holdings are 26.08% and 1.98%, respectively. Presently, the market cap of the company is Rs 81,383.36 crore.

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