IndiGo shares in focus as airline expands domestic market lead with air traffic growth

Shares of InterGlobe Aviation, IndiGo's parent company, are set to be in focus on Friday after the airline’s market share rose to 65.2% in January, up from 64.4% in December 2024, strengthening its dominance in India’s aviation sector.

India’s domestic air traffic grew 11.28% year-on-year (YoY) in January, reaching 1.46 crore passengers, according to data from the Directorate General of Civil Aviation (DGCA) released on Thursday. IndiGo capitalized on this growth, while the Air India Group—which includes Air India, Air India Express, and Vistara—saw its market share decline to 25.7% from 26.4% in the same period.

The company’s stock closed 0.3% higher at Rs 4,442.05 on the BSE on Thursday. It has gained 39.6% in the past year but declined 6.39% over the last six months. In the past month, shares have risen 6.41%, while slipping 1.29% in the past week.


According to Trendlyne data, analysts see further upside for the stock, with a consensus target price of Rs 4,955, implying an 11.5% potential gain. Out of 20 analysts covering the stock, 16 recommend a “buy,” three suggest a “hold,” and one advises a “sell.”

Separately, IndiGo announced on Wednesday plans to induct three Boeing 787-9 aircraft under a damp lease agreement with Norse Atlantic Airways. The aircraft, expected in the second half of 2025, will support the airline’s long-haul expansion strategy.

The airline’s strong domestic performance, coupled with its fleet expansion, positions it as the key player in India’s fast-growing aviation market.

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