IndiGo share price hits fresh record high; Motilal Oswal upgrades the stock to a buy

InterGlobe Aviation (IndiGo) share price hit a fresh record high in intraday trade on BSE on Tuesday, April 15, amid strong buying in the Indian stock market. InterGlobe share price opened at 5,260.05 against its previous close of 5,151 and rose nearly 4 per cent to a record high of 5,345. Around 10:35 AM, IndiGo share price traded 2.66 per cent higher at 5,288.

IndiGo’s share price has been on the roll this year due to the aviation company’s strong growth prospects . Year-to-date, the stock has gained 17 per cent. On a monthly scale, the stock has risen over 4 per cent in April after a 14 per cent rise in March and a 4 per cent gain in February.

IndiGo plans to add one aircraft per week till 2030, with the company…

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