InterGlobe Share Price: InterGlobe shares down 3.04% as Nifty drops

NEW DELHI: Shares of InterGlobe Aviation Ltd. traded 3.04 per cent down in Friday’s trade at 01:20PM (IST). Around 31,696 shares changed hands on the counter.

The counter opened at Rs 2010.05 and touched an intraday high and low of Rs 2029.0 and Rs 1958.25, respectively, in the session so far. Shares of the company of InterGlobe Aviation Ltd. quoted a 52-week high of Rs 2306.15 and a 52-week low of Rs 1253.35.

Total market cap of the InterGlobe Aviation Ltd. stood at Rs 75596.32 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 3170.25 crore for the quarter ended 30-Jun-2021, down 50.17 per cent from previous quarter’s Rs 6361.8 crore and down 177.16 per cent from the year-ago quarter’s Rs 1143.82 crore.

The net loss for latest quarter stood at Rs 3174.18 crore, up 11.6 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Jun-2021, DIIs held 2.6 per cent stake in the firm, while foreign institutional investors held 20.21 per cent and the promoters 74.84 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of -12.32 and a price-to-book ratio of 599.54. 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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