InterGlobe Share Price: InterGlobe shares drop 1.06% as Sensex falls

Shares of InterGlobe Aviation Ltd. traded 1.06 per cent lower in Wednesday’s session at 01:36PM (IST). The stock opened at Rs 1962.0 and has touched an intraday high and low of Rs 1962.0 and Rs 1924.55, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1986.0 and a 52-week low of 1182.6. About 17,857 shares changed hands on the counter so far.

Benchmark Nifty50 was down 61.4 points at 17300.70, while the BSE Sensex traded 201.47 points lower at 58078.01 at the time of writing of this report.

In the Nifty pack, 18 stocks traded the day in the green, while 32 were in the red.

Key Financials

For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 3170.25 crore, down 50.17 per cent from the previous quarter’s Rs 6361.8 crore and down 177.16 per cent from the year-ago quarter. The company reported net loss of Rs 3174.18 crore for the latest quarter.


Promoter Holdings

Promoters held 74.84 per cent stake in the company as of 30-Jun-2021, while FIIs held 20.21 per cent and MFs 2.6 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1688.74 on September 08, while the 50-DMA was at Rs 1751.66. 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.

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