Buy InterGlobe Aviation, target Rs 1,265: Manas Jaiswal

Buy InterGlobe Aviation at a price target of Rs 1,265 and a stop loss at Rs 1,174 from entry point.

Manas Jaiswal of manasjaiswal.com has a buy call on InterGlobe Aviation with a target price of Rs 1,265.

The current market price of InterGlobe Aviation is Rs 1,195.50.

Time period given by the analyst is intraday when InterGlobe Aviation price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 1,174.

InterGlobe Aviation, incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 44,836.35 Crore) operating in Transport sector.

InterGlobe Aviation key Products/Revenue Segments include Income (Airlines) which contributed Rs 18,280.48 Crore to Sales Value (98.38 per cent of Total Sales), Traded Goods which contributed Rs 159.59 Crore to Sales Value (0.85 per cent of Total Sales) and Other Operating Revenue which contributed Rs 140.43 Crore to Sales Value (0.75 per cent of Total Sales)for the year ending 31-Mar-2017.
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The company’s top management includes Dr.Anupam Khanna, Mr.Aditya Ghosh, Mr.Devadas Mallya Mangalore, Mr.Rahul Bhatia, Mr.Rakesh Gangwal, Mrs.Rohini Bhatia.

Company has BSR & Co. LLP as its auditors.

As on 30-09-2017, the company has a total of 384,070,165 shares outstanding.
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