12-05-2025
IndiGo takes off on D-Street with 10% jump: What's behind the rally?
Shares of InterGlobe Aviation Ltd, the parent company of IndiGo, jumped sharply on Monday, rising nearly 10% during the day. The rise came after an important development, which is, Indian airspace has been reopened for commercial flights following a ceasefire announcement between India and Pakistan. This means 32 airports that were earlier closed are now back in to Notices to Airmen (NOTAM), which are used to inform pilots and airlines about changes in air traffic, the earlier restrictions on Indian airspace have now been removed. This move is expected to reduce air traffic congestion and allow smoother operations for both domestic and international flights. This is likely to benefit all airlines, including IndiGo, which is one of India's largest Monday, IndiGo's share price jumped as much as 9.78% to touch a high of Rs 5,599. By the afternoon, the stock was trading 7.45% higher at Rs 5,479.85. With this rise, IndiGo's share price has gone up 19.35% so far in say that the Rs 5,300–5,350 range will act as a strong support zone for the stock. If the share price moves clearly above the Rs 5,600–5,650 range, further gains could Kamble, a Senior Technical Research Analyst at Bonanza, said that as long as the stock stays above Rs 5,350, it could move up towards Rs 5,926 in the short to medium term. If that level is crossed, it may even reach Rs 6, S Patel, Senior Manager for Technical Research at Anand Rathi, pointed out that the stock is currently supported at Rs 5,300 and is facing resistance at Rs 5,600. A clear break above Rs 5,600 could lead the share to rise to Rs 5,800. He added that the expected trading range for the short term is likely to be between Rs 5,200 and Rs 5, Singh, Senior Vice-President of Retail Research at Religare Broking, also said that Rs 5,650 is a key resistance level for IndiGo, while support can be seen at Rs 5, share price is currently trading higher than all key simple moving averages (SMAs), including the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day averages. This is seen as a positive sign by many 14-day Relative Strength Index (RSI) of the stock stands at 58.91. In general, an RSI value below 30 is considered oversold, while a value above 70 is considered overbought. A value around 59 indicates the stock is in a stable zone without being per data from BSE, IndiGo has a price-to-equity (P/E) ratio of 34.86 and a price-to-book (P/B) value of 56.65. Its earnings per share (EPS) is Rs 157.18, and the return on equity (RoE) is to data from Trendlyne, IndiGo has a one-year beta of 0.9. This suggests that the stock is less volatile compared to the broader market.
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