InterGlobe shares rise 2.13% as Nifty drops

InterGlobe shares rise 2.13% as Nifty drops
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Synopsis

The stock quoted a 52-week high price of Rs 2306.15 and a 52-week low of Rs 1327.95.

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Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
Shares of InterGlobe Aviation Ltd. traded 2.13 per cent up at Rs 2218.6 on Monday at around 10:46AM (IST), while the benchmark BSE Sensex declined 79.21 points to 59988.41.

As many as 20,846 shares changed hands on the counter with a total value of Rs 4.59 crore.

The stock quoted a 52-week high price of Rs 2306.15 and a 52-week low of Rs 1327.95.

On the technical charts, the 200-DMA of the stock stood at Rs 1765.72, while 50-DMA was at Rs 2022.84. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 56.18 per cent in the past one year, while Sensex has risen 47.84 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of -13.48 and a price-to-book ratio of 599.54. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Airlines industry.

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