InterGlobe shares rise 0.97 per cent in Thursday's trading session

Shares of InterGlobe Aviation Ltd. rose 0.97 per cent to Rs 3099.3 in Thursday's trade as of 10:45AM (IST) even as the benchmark Nifty ruled at 22432.5, down 41.55 points.

The scrip had closed at Rs 3069.25 in the previous session. The stock quoted a 52-week low of Rs 1810.45 and a high of Rs 3301.4. The company quoted a market-cap of Rs 120027.01 crore on the BSE.

On BSE, 2,865 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 16.68 times its trailing 12-month EPS of Rs 186.47 per share and -11.79 times its book value. The return on equity (ROE) stood at Rs 0.0.

Key Financials
For the quarter ended 31-Dec-2023, InterGlobe Aviation Ltd. reported consolidated sales of Rs 20062.25 crore, up 30.19 per cent from the same quarter a year ago. The company reported 110.75 per cent YoY growth in net profit at Rs 2998.12 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Thursday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.