Share price of InterGlobe jumps as Sensex gains 70.99 points

Share price of InterGlobe jumps as Sensex gains 70.99 points
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Synopsis

Promoters held 38.2 per cent stake in the company as of 31-Mar-2021, while FII and DII ownership stood at 18.34 per cent and 3.35 per cent, respectively.

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The share price of InterGlobe Aviation Ltd. gained 0.64 per cent to Rs 1780.7 at 11:17AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 1803.0 and low of Rs 1771.25 so far during the session. The stock had closed at Rs 1769.4 in the previous session.

The counter has had a total traded volume of 14218 shares so far with a value of Rs 2.53 crore on the NSE. It traded at a price-to-earnings multiple of -11.79 and a price-to-book ratio of 7.0.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 72.3 per cent during the past one year, while the 30-share index advanced 49.41 per cent during the same period.

InterGlobe Aviation Ltd. belongs to the Airlines industry.

Promotor/FII Holding
Promoters held 38.2 per cent stake in the company as of 31-Mar-2021, while FIIs and domestic institutional investors ownership stood at 18.34 per cent and 3.35 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 6361.8 crore for the quarter ended 31-Mar-2021, up 23.7 per cent from the previous quarter's Rs 5142.77 crore and up 26.32 per cent from the year-ago quarter's Rs 8634.62 crore.

Loss for the latest quarter stood at Rs 1147.16 crore, up 31.74 per cent from the same quarter a year ago.

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