InterGlobe shares down 0.49% as Nifty drops

NEW DELHI: Shares of InterGlobe Aviation Ltd. traded 0.49 per cent down in Thursday's trade at 11:57AM (IST). Around 14,577 shares changed hands on the counter.

The counter opened at Rs 1909.95 and touched an intraday high and low of Rs 1919.95 and Rs 1887.4, respectively, in the session so far. The stock of InterGlobe Aviation Ltd. quoted a 52-week high of Rs 2379.0 and a 52-week low of Rs 1513.3.

Total market cap of the InterGlobe Aviation Ltd. stood at Rs 73198.4 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 13018.81 crore for the quarter ended 30-Jun-2022, up 58.62 per cent from previous quarter's Rs 8207.46 crore and up 310.66 per cent from the year-ago quarter's Rs 3170.25 crore.

The net loss for latest quarter stood at Rs 1064.26 crore, down 66.47 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2022, domestic institutional investors held 3.73 per cent stake in the firm, while foreign institutional investors held 19.17 per cent and the promoters 74.77 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of -18.07 and a price-to-book ratio of -12.94. 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.