Shares of Inter-Globe Aviation, which runs IndiGo Airlines, made a stellar debut on the bourses. The stock was up 15 per cent and was last trading at Rs 877, as against the offer price of Rs 765.
Many HNIs like renowned investor Rakesh Jhunjhunwala had invested heavily in the company. Many analysts had suggested investing in the IPO of Inter Globe, largely on account of the cost efficiency of India's largest private sector airlines.
Also, there are hopes that lower crude oil prices would continue to benefit the company tremendously.However, the fortunes of the company will be heavily linked to crude oil prices. Any geo-political tensions and a spike in crude prices may see the stock come crashing down.