InterGlobe shares up 1.6% as Nifty drops

InterGlobe shares up 1.6% as Nifty drops
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Synopsis

A total of 18,456 shares changed hands on the counter till 10:05AM (IST).

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India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
NEW DELHI: Shares of InterGlobe Aviation Ltd. traded 1.6 per cent up in Thursday's trade at 10:05AM (IST). Around 18,456 shares changed hands on the counter.

The stock opened at Rs 2100.0 and touched an intraday high and low of Rs 2143.05 and Rs 2091.5, respectively, in the session so far. The stock of InterGlobe Aviation Ltd. quoted a 52-week high of Rs 2379.0 and a 52-week low of Rs 1502.9.

As per BSE, the total market cap of the InterGlobe Aviation Ltd. stood at Rs 81602.98 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 5798.73 crore for the quarter ended 30-Sep-2021, up 82.91 per cent from previous quarter's Rs 3170.25 crore and up 91.43 per cent from the year-ago quarter's Rs 3029.2 crore.

The net loss for latest quarter stood at Rs 1435.66 crore, up 20.16 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2021, DIIs held 3.2 per cent stake in the company, while foreign institutional investors held 18.51 per cent and the promoters 38.18 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of -12.8 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 is the measure of the price that investors are ready to pay even for no growth in the business.

InterGlobe Aviation Ltd. belongs to the Airlines industry.

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