InterGlobe shares gain 0.06% as Sensex falls

Shares of InterGlobe Aviation Ltd. traded 0.06 per cent higher in Wednesday's session at 10:30AM (IST). The stock opened at Rs 1935.05 and has touched an intraday high and low of Rs 1972.0 and Rs 1935.05, respectively, during the session so far.

The stock quoted a 52-week high of Rs 2194.0 and a 52-week low of 1513.3. About 4,488 shares changed hands on the counter so far.

Benchmark Nifty50 was down 22.85 points at 17637.3, while the BSE Sensex traded 92.78 points lower at 59634.23 at the time of writing of this report.

In the Nifty pack, 20 stocks traded the day in the green, while 30 were in the red.


Key Financials
For the quarter ended 31-Dec-2022, the company reported consolidated sales of Rs 15410.2 crore, up 19.9 per cent from the previous quarter's Rs 12852.29 crore and up 62.55 per cent from the year-ago quarter. The company reported net profit of Rs 1422.6 crore for the latest quarter.

Promoter Holdings
Promoters held 67.86 per cent stake in the company as of 31-Mar-2023, while FIIs held 19.43 per cent and MFs 8.32 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1902.85 on April 19, while the 50-DMA was at Rs 1911.97. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.