Indigo Airlines stock was in focus after the company announced the biggest order for Airbus A230 planes. The order is the largest order in the history of commercial aviation and hints at the expansion plans Indigo is having for Indian and overseas routes. Indigo is the largest Indian airline and it has presented a stable growth since inception. Indigo stock touched 52-week high of Rs 2490 during today’s session. The stock opened at Rs 2490 but has declined slightly during the session.

Indian markets are trading lower today and market participants are expecting a small correction. In the recent times, many stocks have seen a decent jump in valuations. Indigo stock has touched 52-week high today. The stock has 52-week low of Rs 1511 on NSE.

Indigo is professionally managed and the company has reported strong passenger growth. The company will receive Airbus order over the next few years and will put them to service on domestic routes and nearby destinations.

The deal is estimated to be $50 billion but Indigo would have received massive discount on this order. Neither Airbus or Indigo has shared the financials of the deal. The order was announced at Paris Air Show.

From its previous order with Airbus, 480 aircraft have to be delivered. Indigo is expecting to improve its connectivity across the country.