Buy InterGlobe Aviation, target Rs 1,880: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has a buy call on InterGlobe Aviation Ltd. with a target price of Rs 1880. The current market price of InterGlobe Aviation Ltd. is Rs 1806.5. Time period given by the analyst is Intra Day when InterGlobe Aviation Ltd. price can reach defined target. Chandan Taparia recommended to keep stoploss at Rs 1765. InterGlobe Aviation Ltd., incorporated in 2004, has a market cap of Rs 69549.80 crore.

InterGlobe Aviation Ltd. key Products/Revenue Segments include Income (Airlines) which contributed Rs 27769.81 Crore to Sales Value (97.44 % of Total Sales), Traded Goods which contributed Rs 395.41 Crore to Sales Value (1.38 % of Total Sales) and Other Operating Revenue which contributed Rs 331.55 Crore to Sales Value (1.16 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 9420.06 Crore, up 19.49 % from last quarter Sales of Rs 7883.26 Crore and up 44.66 % from last year same quarter Sales of Rs 6511.97 Crore Company has reported net profit after tax of Rs 1203.14 Crore in latest quarter. The company’s top management includes Dr.Anupam Khanna, Mr.Anil Parashar, Mr.Meleveetil Damodaran, Mr.Rahul Bhatia, Mr.Rakesh Gangwal, Mrs.Rohini Bhatia, Ms.Pallavi Shardul Shroff. Company has S R Batliboi & Co. LLP as its auditoRs As on 30-06-2019, the company has a total of 384,656,803 shares outstanding.