Sell InterGlobe Aviation, target Rs 1490: Dr CK Narayan

Dr CK Narayan of Chart Advise has a sell call on InterGlobe Aviation Ltd. with a target price of Rs 1490. The current market price of InterGlobe Aviation Ltd. is Rs 1507.45. Time period given by the analyst is Intra Day when InterGlobe Aviation Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 1525. InterGlobe Aviation Ltd., incorporated in 2004, has a market cap of Rs 57985.09 crore.

InterGlobe Aviation Ltd. key Products/Revenue Segments include Income (Airlines) which contributed Rs 22353.07 Crore to Sales Value (97.09 % of Total Sales), Other Operating Revenue which contributed Rs 520.37 Crore to Sales Value (2.26 % of Total Sales) and Traded Goods which contributed Rs 147.45 Crore to Sales Value (0.64 % of Total Sales)for the year ending 31-Mar-2018.

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. 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.