New Delhi, Nov 24 || Interglobe Aviation, the parent company of IndiGo, rose around 2 per cent to Rs 5,953 in early trading on Monday following the announcement from BSE that the airline stock will join the 30-share Sensex on December 22, replacing Tata Motors Passenger Vehicles.
The shares of the PV-maker Tata Motors dropped over 1.5 per cent following the exclusion. Both the shares regained some of the lost ground as of 11:20 am.
Interglobe traded at Rs 5,853, up Rs 9.50 or 0.16 per cent, while Tata Motors Passenger Vehicles stood at Rs 357.40, after a drop of Rs 4.85 or 1.34 per cent as of 11:20 am.
IndiGo's market capitalisation stood at Rs 2.27 lakh crore, with a standalone price-to-earnings ratio close to 45.