interglobe share price: Share price of InterGlobe rises as Nifty strengthens

Shares of InterGlobe Aviation Ltd. gained 1.0 per cent to Rs 1691.3 in Thursday’s trade as of 01:45PM (IST). The stock hit a high price of Rs 1708.0 and low of Rs 1656.95 during the session.

The return on equity (ROE) for the stock stood at -5237.66 per cent. Traded volume on the counter stood at 01:45PM shares and turnover at Rs 4.61 crore around that time. The stock of InterGlobe Aviation Ltd. quoted a 52-week high price of Rs 1859.9 and 52-week low prices of Rs 873.1, respectively.

The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.88.

Promotor/FII Holding

Promoters held 38.2 per cent stake in the company as of 30-Jun-2021, while FIIs held 19.17 per cent and domestic institutional investors had 2.6 per cent.

Key Financials

The company reported consolidated sales of Rs 6361.8 crore for the quarter ended 31-Mar-2021, up 23.7 per cent from previous quarter’s Rs 5142.77 crore and up 26.32 per cent from the year-ago quarter’s Rs 8634.62 crore. Net loss after tax for the latest quarter stood at Rs 1147.16 crore, up 31.74 per cent from the same quarter a year ago.


Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.

It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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