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InterGlobe shares fall 0.33 per cent in Wednesday’s trading session

Shares of InterGlobe Aviation Ltd. fell 0.33 per cent to Rs 1995.2 in Wednesday’s trade as of 02:10PM (IST) even as the benchmark Nifty ruled at 17235.50, up 2.25 points.

The scrip had closed at Rs 2001.8 in the previous session. The stock quoted a 52-week low of Rs 1502.9 and a high of Rs 2379.0. The company quoted a market-cap of Rs 76879.15 crore on the BSE.

On BSE, 23,027 shares have changed hands on the counter so far. At its prevailing price, the stock traded at -12.06 times its trailing 12-month EPS of Rs -165.58 per share and 599.54 times its book value. The return on equity (ROE) stood at Rs -8300.11.

Key Financials

For the quarter ended 30-Sep-2021, InterGlobe Aviation Ltd. reported consolidated sales of Rs 5798.73 crore, up 91.43 per cent from the same quarter a year ago. The company reported 20.16 per cent YoY growth in net loss at Rs 1435.66 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Wednesday. 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.

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