Interglobe Aviation's share price reached an all-time high of ₹2,499.95 apiece on the BSE.
The surge in share price was fueled by the news of a 500-aircraft order with Airbus SE at the Paris Air Show.
The stock initially opened 2.8% higher and later experienced some fluctuations, closing slightly higher at ₹2,432.70 per share.
Rajesh Bhosale, an Equity Technical and Derivative Analyst, advises considering dips in the stock as buying opportunities.
Gaurav Bissa, VP of InCred Equities, highlights a symmetrical triangle pattern breakout and a subsequent bearish harmonic pattern on the weekly charts.
The strategic partnership with Airbus guarantees a steady supply of A320NEO family planes between 2030 and 2035.
The order adds to IndiGo's existing order book of 1,000 aircraft, supporting the airline's expansion plans.
IndiGo has placed a total of 1,330 aircraft orders with Airbus since its founding in 2006.
The partnership reaffirms IndiGo's commitment to India's growth and its position as a leading airline.