Should I buy InterGlobe Aviation stock in 2025?

Why trust HelloSafe?

At HelloSafe, our specialist has been tracking the performance of InterGlobe Aviation for over three years. Every month, hundreds of thousands of users across India trust us to analyze market trends and identify the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical charter, we have never been, and will never be, paid by InterGlobe Aviation.

What is InterGlobe Aviation?

How much is InterGlobe Aviation stock?

The price of InterGlobe Aviation stock is rising this week. Currently trading at ₹4,615.00, the share has gained 1.42% in the last 24 hours and 3.19% over the past week. With a market capitalization of ₹1.78 lakh crore, InterGlobe sees an average 3-month volume of 5.21 lakh shares.

The P/E ratio stands at 30.67, while the stock does not offer a dividend yield. Its beta is 0.84, indicating moderate volatility compared to the market. Investors may find this upward trend and stability appealing in the current Indian market scenario.

Our full analysis on InterGlobe Aviation stock

Having conducted a rigorous review of InterGlobe Aviation Limited’s (NSE: INDIGO) most recent quarterly results, as well as its robust stock performance through volatile market cycles over the past three years, our team has synthesized multiple dimensions of analysis—ranging from proprietary technical indicators and classic financial ratios to peer benchmarking and real-time market signals. This approach gives us a holistic view of both the topline trajectory and the embedded resilience within India’s aviation and travel sector. So, why might InterGlobe Aviation stock once again become a strategic entry point into the Indian aviation and travel growth story in 2025?

Recent Performance and Market Context

InterGlobe Aviation, operator of the IndiGo brand, has delivered a remarkable record of share price appreciation, rising nearly 80% from June 2021 to June 2024, outperforming both the Nifty 50 and its closest listed peer, SpiceJet, by a considerable margin. Despite recent global macro turbulence and oil price shocks, the stock has seen resilient upward momentum—with a year-to-date gain of around 30%—reinforced by a sequence of record-high closes in Q1 and Q2 2024.

A number of positive events have underpinned this trend:

• Record Quarterly Profits: IndiGo reported an all-time high net profit of ₹1,894 crore for Q4 FY24, backed by a 25% YoY surge in revenues. For the full FY24, net profit exceeded ₹8,170 crore—a stark turnaround from the pandemic-era losses and a clear indicator of pricing power and cost discipline.
• Capacity Expansion: ASK (Available Seat Kilometers) grew by more than 18% YoY, while IndiGo maintained a sector-best passenger load factor of ~86%, signaling resilient demand.
• Consistent Market Leadership: With over 61% domestic market share as of May 2024, IndiGo continues to outpace both legacy carriers and new entrants, cementing its dominance in India’s rapidly expanding aviation market.

Crucially, the sector context remains highly favorable. Air traffic in India surged beyond pre-pandemic levels in FY24, as burgeoning middle-class consumption, infrastructure upgrades (airport privatization, regional connectivity), and government policy support (UDAN schemes, GST clarifications) drive volume growth. These macro tailwinds combine with IndiGo’s operational scale, positioning it at the forefront of an extended up-cycle.

Technical Analysis

From a technical standpoint, InterGlobe Aviation’s stock structure continues to exhibit bullish undertones. As of 14 June 2024:

• Primary Indicators: The 50-day and 200-day Exponential Moving Averages (EMAs) are trending decisively upward, with the stock trading ~8% above its 200-day EMA (₹3,480 versus ₹3,230), confirming strong medium-term momentum.
• Oscillators: Relative Strength Index (RSI) stands at 62, firmly in bullish territory yet not in overbought extremes, which suggests continued room for upside while maintaining a healthy trend structure. The Moving Average Convergence Divergence (MACD) has maintained a positive crossover since early April, with widening divergence indicating acceleration of momentum.
• Support and Resistance: The ₹3,200–₹3,250 level has proven reliable support through recent consolidations, while recent price action points to bullish reversal signals from these bases. Upside targets are emerging at ₹3,700–₹3,850, with little overhead supply between these levels.

Short- and medium-term momentum appears robust, underlining attractive potential entry points for investors anticipating both cyclical and secular growth in Indian air travel.

Fundamental Analysis

The long-term investment case for InterGlobe Aviation rests on a solid foundation:

• Exponential Revenue Growth: For FY24, IndiGo posted total revenues of ₹65,502 crore (+26% YoY), supported by record passenger traffic and dynamic yield management. The airline carried more than 103 million passengers in the fiscal year.
• Sustained Profitability: EBITDAR margins improved to 28.3% (versus 21.1% in FY23). Net profit margin expanded to 12.5%, the highest in the sector.
• Strategic Expansion: IndiGo continues its aggressive fleet modernization—signing a landmark order for 500 Airbus A320neo-family aircraft in 2023, ensuring cost-effective capacity through the end of the decade. International expansion remains a priority, with Qatar, Turkey, and SE Asia as key focus areas.
• Cost Leadership: The company’s operating cost per available seat kilometer (CASK) remains 10–12% below domestic peers, even in the face of rising oil prices and rupee volatility.
• Valuation: Despite extraordinary gains, InterGlobe Aviation trades at an FY25 forward P/E multiple of 24.2x and EV/EBITDA of 10.5x—levels justified by its superior profitability, long-term growth trajectory, and structural leadership. Its PEG ratio (0.95) and Price/Sales (2.9x) remain below global low-cost carrier (LCC) benchmarks, underlining a relative undervaluation for a sector leader with scalable growth.
• Structural Strengths: The IndiGo brand is synonymous with punctuality, reliability, and value in Indian aviation. Its deep partnerships—including codeshare agreements with Air France-KLM, Turkish Airlines, and others—and a robust digital platform reinforce both customer loyalty and operational agility.

Volume and Liquidity

Another standout feature has been the pronounced surge in trading activity:

• Consistent High Volumes: Average daily trading volumes exceeded 1.2 million shares in May–June 2024, well above the 6-month trailing average. This has translated into healthy liquidity conditions, a crucial factor for institutional and retail investors alike.
• Float and Share Structure: With approximately 25% free float and an increasing share of ownership by foreign institutional investors (FII)—now at ~19%—the market dynamic is conducive to price discovery and dynamic valuation adjustments as new strategic catalysts emerge.

Strong volume patterns reinforce the view that the market not only recognizes but also rewards IndiGo’s operational and financial execution.

Catalysts and Positive Outlook

Looking forward, several high-conviction catalysts are expected to drive further upside:

• Fleet and Network Expansion: IndiGo’s aggressive fleet orders will enable it to tap into both underserved and premium routes, domestically and internationally, diversifying its revenue streams and mitigating yield risk.
• International Growth: Direct flights to Istanbul, Nairobi, Jakarta, and ongoing codeshare expansion will significantly bolster non-India revenue, targeting high-margin segments in FY25–26.
• ESG Initiatives: The company’s sustainability roadmap (targeting substantial reductions in carbon intensity per passenger, major investments in new-gen fuel-efficient aircraft) not only supports cost performance but also aligns with evolving institutional investor mandates.
• Digital Innovation: Enhanced focus on digital booking, AI-based customer analytics, and operational optimization is increasing efficiency and maximizing load factors even in off-peak cycles.
• Sector Tailwinds: India's air passenger market, already the third largest globally, is expected to double by 2030. Recent government infrastructure investments, tax rationalization, and consumer credit growth all provide a tailwind that should further enhance IndiGo’s strategic position.
• Potential Inclusion in Global Indexes: Upgrades in governance and liquidity could see INDIGO included in additional MSCI or FTSE indices, fueling further FII inflows.

This convergence of internal execution and external opportunity skews the outlook decidedly positive for FY25 and beyond.

Investment Strategies

For investors evaluating entry strategies aligned with their time horizons, several points are noteworthy:

Short-Term Perspective (1–3 months)

• Technical Inflection Point: With the current retest of the ₹3,350–₹3,380 support range, any confirmation of bullish reversal presents an appealing tactical entry opportunity—especially for those anticipating a pre-earnings rally.
• Catalyst Play: Q1 FY25 results (expected July 2024) could provide a fresh trigger for momentum-driven trades, as consensus estimates continue to be revised higher.

Medium-Term Perspective (3–12 months)

• Expansion Narrative: As network and fleet ramp-ups come online, medium-term holders may see compounding volume and margin benefits reflected in further stock appreciation.
• Re-rating Potential: Enhanced inclusion by global funds and index up-weights could result in higher valuation multiples, relative to both Indian and global peers.

Long-Term Perspective (1–3 years)

• Secular Growth Story: India’s demographic and economic expansion should support consistent air travel growth, with Indigo’s dominant positioning providing sustained earnings visibility.
• Strategic Moat: Brand strength, cost leadership, and network effects create a defensible competitive moat, likely to enable the company to capture outsized share of incremental industry value.

Each of these strategies appears timely given both the technical base-building underway and the major structural catalysts set to materialize over the next 12–24 months.

Is it the Right Time to Buy InterGlobe Aviation?

The convergence of robust fundamentals, technical momentum, sector tailwinds, and clear positive catalysts positions InterGlobe Aviation as a standout equity within India’s aviation and broader consumer sector. Record profitability, prudent balance sheet management, ongoing innovation, and fleet expansion all underscore the company’s ability to capture and extend its market leadership well into the next decade.

In a landscape defined by rising consumption, deepening capital markets, and accelerating urbanization, the case for renewed and sustained interest in InterGlobe Aviation appears thoroughly justified. While the volatility typical of aviation stocks requires prudent risk assessment, the stock’s current trajectory and upcoming catalysts suggest that it may be entering a new, bullish phase—potentially offering attractive entry points for investors seeking direct exposure to India’s dynamic growth in travel and technology-enabled mobility.

For portfolio managers and individual investors looking to participate in India’s generational aviation buildout, InterGlobe Aviation seems to represent an excellent opportunity for constructive positioning, with ample scope for both alpha generation and stable wealth creation over the coming cycles.

How to buy InterGlobe Aviation stock in India?

Buying InterGlobe Aviation stock online is straightforward and secure, thanks to India’s well-regulated financial markets and trusted brokerage platforms. Investors have two main methods to choose from: direct spot buying of shares for long-term holding, or trading via Contracts for Difference (CFDs) for a more flexible, leveraged approach. Both options offer unique advantages and cater to different investment strategies. To help you make an informed choice, we’ve compared leading Indian brokers and their fee structures—see the comparison table further down the page for details.

Spot Buying

A cash, or spot, purchase of InterGlobe Aviation stock means you are buying actual shares and becoming a part-owner of the company. This method is popular among investors who want to benefit from potential long-term growth and receive any dividends issued. On Indian platforms, the typical brokerage fee for a cash share purchase is a fixed amount per order—around ₹20–₹100, depending on the broker.

Example

Suppose the InterGlobe Aviation share price is ₹4,500. With a $1,000 investment (approx. ₹83,000), after accounting for a ₹400 brokerage fee (about $5), you can buy around 18 shares.

✔️ Gain Scenario: If the share price rises by 10%, your shares would be worth ₹90,750 instead of ₹82,800.
Result: That’s a ₹7,950 gross gain (+10%), mirroring the stock’s performance.

Trading via CFD

CFD (Contract for Difference) trading lets investors speculate on InterGlobe Aviation’s share price without actually owning the shares. CFDs are popular for their flexibility—they enable profit from both rising and falling markets, and you can use leverage to amplify exposure. Fees include the spread (difference between buy and sell price), plus daily overnight financing charges when holding positions open for more than a day.

Example

With a $1,000 stake (approx. ₹83,000) and 5× leverage, your market exposure on InterGlobe Aviation shares becomes ₹415,000 (approx. $5,000).

✔️ Gain Scenario: If the stock rises by 8%, your leveraged position generates a 40% return (8% × 5).
Result: That’s a ₹33,200 ($400) gain on your ₹83,000 ($1,000) investment, excluding fees.

Final Advice

Before investing in InterGlobe Aviation shares, it’s essential to compare fees, trading conditions, and the range of services offered by different brokers. The method that suits you best will depend on your financial objectives, risk tolerance, and investment style. For more details on leading brokers and their offers, you’ll find a comprehensive comparison further down the page.

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#1

Forex specialist

#1

Eightcap

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Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.

Is EightCap reliable?

Yes, EightCap is a trusted platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to start with, EightCap is a safe bet, recognised in the industry.

Why choose EightCap?

EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools such as MT4 and MT5, perfect for demanding traders. Are you a beginner? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and effective.

What are the fees at EightCap?

At EightCap, fees depend on the account you choose: Raw accounts display spreads from 0 pip, with a commission of $3.5 per lot. Standard accounts have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.

Who is EightCap for?

Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like MT5 and competitive spreads will allow you to go further in your strategies.

Is it easy to withdraw money from EightCap?

Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.

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Is Avatrade reliable?

AvaTrade is a trusted broker regulated by major institutions, including the AMF in France, the Central Bank of Ireland, ASIC (Australia), and FSA (Japan). Active since 2006, it offers solid guarantees, including the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.

Why choose Avatrade?

AvaTrade combines simplicity and expertise. Tutorials, demo accounts, and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don’t need to be an expert: AvaTrade adapts to you.

What are the fees at Avatrade?

AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and inactivity costs that can be avoided with regular use. You can focus on learning and your investments without surprises when it comes to paying.

Who is Avatrade for?

AvaTrade is for everyone: beginners can take advantage of detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.

Is it easy to withdraw money from Avatrade?

Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, wire transfers, or e-wallets. Everything is designed to provide you with fast, clear, and secure access.

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Expert in Forex and CFD

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Vantage

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Vantage is a reliable broker, regulated by recognized authorities such as ASIC (Australia) and FCA (United Kingdom). It stands out for the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.

Why choose Vantage?

Vantage distinguishes itself by its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate the competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied range of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.

What are the fees at Vantage?

The fees at Vantage are adapted to everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest effectively.

Who is Vantage for?

Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.

Is it easy to withdraw money from Vantage?

Withdrawing funds from Vantage is fast and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.

Is Vantage reliable?

Vantage is a reliable broker, regulated by recognized authorities such as ASIC (Australia) and FCA (United Kingdom). It stands out for the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.

Why choose Vantage?

Vantage distinguishes itself by its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate the competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied range of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.

What are the fees at Vantage?

The fees at Vantage are adapted to everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest effectively.

Who is Vantage for?

Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.

Is it easy to withdraw money from Vantage?

Withdrawing funds from Vantage is fast and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.

Our 7 tips for buying InterGlobe Aviation stock

The latest news about InterGlobe Aviation

InterGlobe Aviation reports record quarterly profit driven by strong passenger traffic and yield improvement. The company, which operates IndiGo, India's largest airline by market share, announced a net profit of ₹1,894 crore for the quarter ended March 2024, significantly surpassing street estimates. This performance was attributed to robust passenger demand in both domestic and select international routes, coupled with improved yield management and cost efficiencies. CEO Pieter Elbers highlighted the carrier's ability to fill seats and maintain operational reliability, positioning IndiGo advantageously to capitalize on India's aviation boom.

IndiGo expands international footprint with the launch of new routes connecting India to Africa and Central Asia. In a strategic move to augment its global presence, IndiGo recently inaugurated direct flights from Mumbai to Nairobi and Jakarta, as well as from Delhi to Tbilisi. These expansions mark the airline's entry into new regions, tapping into rising business and leisure travel demand from India. Management confirmed plans for further route additions in the upcoming months, strengthening IndiGo’s network and revenue diversification outside the competitive Indian domestic market.

The company announces a large aircraft order, bolstering long-term growth and operational scale. This week, IndiGo confirmed finalization of a sizeable aircraft order with Airbus, securing nearly 30 additional A320neo series jets to be delivered over the next three years. This step reaffirms IndiGo's aggressive fleet expansion strategy and commitment to maintaining market leadership. The order is expected to support newer routes, higher frequencies, and further cost rationalization through fuel efficiency advantages associated with the latest aircraft models.

Passenger growth in India’s civil aviation sector remains robust, signaling a favorable macro-environment for IndiGo. Recent data from the Directorate General of Civil Aviation showed that Indian domestic air traffic surged 17% year-on-year in May 2024, reaching pre-pandemic highs. IndiGo retained its dominant domestic market share above 60%, consistently outperforming competitors in both load factor and punctuality. The surge in air travel demand coincides with India's resilient economic activity and the summer holiday season, constituting a constructive backdrop for the company’s revenue prospects.

IndiGo strengthens local partnerships by collaborating with state governments for enhanced regional connectivity. In the last week, IndiGo signed agreements with the governments of Uttar Pradesh and Kerala for the development of new regional airports and enhanced last-mile connectivity under India’s UDAN scheme. These efforts not only reinforce the airline’s domestic reach but also align with government initiatives to boost tier-2 and tier-3 city connectivity, serving previously underserved markets and unlocking new revenue streams.

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P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.