InterGlobe shares down 1.47% as Nifty gains

InterGlobe shares down 1.47% as Nifty gains
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Synopsis

A total of 12,079 shares changed hands on the counter till 02:06PM (IST).

Reuters
Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a correction.
NEW DELHI: Shares of . traded 1.47 per cent down in Tuesday's trade at 02:06PM (IST). Around 12,079 shares changed hands on the counter.

The scrip opened at Rs 2058.95 and touched an intraday high and low of Rs 2058.95 and Rs 2020.05, respectively, in the session so far. Shares of the company of InterGlobe Aviation Ltd. quoted a 52-week high of Rs 2282.25 and a 52-week low of Rs 1513.3.

As per BSE, the total market cap of the InterGlobe Aviation Ltd. stood at Rs 78052.61 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 12852.29 crore for the quarter ended 30-Sep-2022, down 1.28 per cent from previous quarter's Rs 13018.81 crore and down 121.64 per cent from the year-ago quarter's Rs 5798.73 crore.

The net loss for latest quarter stood at Rs 1583.33 crore, up 10.29 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2022, DIIs held 4.58 per cent stake in the firm, while foreign institutional investors held 16.72 per cent and the promoters 38.17 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of -18.59 and a price-to-book ratio of -12.94. 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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