InterGlobe shares gain 2.39% as Sensex rises

InterGlobe Aviation Ltd. shares were 2.39 percent higher at 11:06 a.m. on Friday (IST). The stock opened at Rs 1860.0 and has since reached intraday highs and lows of Rs 1889.9 and Rs 1848.45, respectively.

The stock has a 52-week high of Rs 2379.0 and a low of Rs 1513.3. So far, around 19,060 shares have changed hands on the market.

At the time of writing, the benchmark Nifty50 was up 139.05 points at 17068.65, while the BSE Sensex was up 416.53 points at 57274.32.

The Nifty pack saw 39 stocks move in the green on the day, while 11 traded in the red.

                                                                       Key Financials
The Company recorded consolidated sales of Rs 8207.46 crore for the quarter ended 31-Mar-2022, a decrease of 13.42 percent from the previous quarter’s Rs 9480.08 crore and a decrease of 29.01 percent from the year-ago quarter. In the most recent quarter, the company posted a net loss of Rs 1681.8 crore.

Promoter Holdings
As of 31-Mar-2022, promoters controlled 74.77 percent of the company, while FIIs held 19.17 percent and MFs held 3.73 percent.

Technical’s
On the technical charts, the 2 hundred-Day moving average (DMA) of the stock stood at Rs 1910.31 on July 29, whilst the 50-DMA turned into Rs 1732.82. If a stock trades above 50-DMA and 200-DMA, it usually approaches the immediate trend upward. then again, if the stock trades nicely beneath 50-DMA and two hundred-DMA both, it’s miles taken into consideration as bearish fashion, and if trades between these averages, then it indicates the stock can cross both manners.