Sell Inter Globe Aviation Limited:
Inter Globe Aviation Ltd has officially announced a consolidated sales of Rs. 4,909.98 Cr for the third quarter finished on 31-12-2020, which is 79.13% up from its previous quarter sales of Rs. 2,740.96 Cr and 50.56% up from its previous year same quarter sales of Rs. 9,931 Cr. The company has reported net profit after tax of Rs. 620.14 Cr in the previous quarter.
Outlook:
Inter Globe Aviation Ltd: Experts suggested sell call at current market price: Rs. 1,562.65 with a target price: Rs. 1,600; Stoploss: Rs. 1,400.
Buy Marico Limited:
Marico Ltd has officially announced a consolidated sales of Rs. 2,122.00 Cr for the third quarter finished on 31-12-2020, which is 6.69% up from its previous quarter sales of Rs. 1,989.00 Cr and 16.34% up from its previous year same quarter sales of Rs. 1,824.00 Cr. The company has reported a net profit after tax of Rs. 312.00 Cr in the previous quarter.
Outlook:
Marico Ltd: Experts suggested buy call at current market price: Rs. 419.20 with a target price: Rs. 450; Stoploss: Rs. 410.
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