Sell InterGlobe Aviation, target price Rs 870: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities Limited has a sell call on InterGlobe Aviation Ltd. with a target price of Rs 870.0 . The current price of InterGlobe Aviation Ltd. is Rs 908.85 Time period given by the analyst is Intra Day when InterGlobe Aviation Ltd. price can reach defined target. . Shrikant Chouhan recommended to keep a stoploss at Rs 930 .

InterGlobe Aviation Ltd., incorporated in 2004has a market cap of Rs 34972.21 crore.

InterGlobe Aviation's key products/revenue segments include Income (airlines) which contributed Rs 27769.81 crore to sales value (97.44 per cent of total sales); traded goods which contributed Rs 395.41 crore to sales value (1.38 per cent of total sales) and other operating revenue which contributed Rs 331.55 crore to sales value (1.16 per cent of total sales)for the year ending March 31, 2019.


For the quarter ended December 31, 2019, the company reported consolidated sales of Rs 9931.69 crore, up 22.53 per cent from last quarter sales of Rs 8105.19 crore and up 25.46 per cent from last year same quarter sales of Rs 7916.22 crore. The company reported net profit after tax of Rs 495.97 crore in the latest quarter.