IndiGo hits an all-time high after its profit jumps 15 times in December quarter

IndiGo share price: InterGlobe Aviation, the parent company of IndiGo, soared to an all-time high of Rs 3,301.40 on BSE on Monday (February 5, 2024) after the company reported strong December quarter numbers. 

The stock of the company ended the trading session on Mondya higher by 1.43 per cent, or Rs 44.70, at Rs 3,171.70. 

The aviation company's profit after tax skyrocketed by 15 times to Rs 2,998 crore in the December quarter, while its revenue was also up by 30.1 per cent in the same duration.

Brokerage Morgan Stanley has maintained an overweight rating on the stock and raised the target to Rs 4,145 from Rs 3,745 after the aviation company posted its December quarter results.