Sell InterGlobe Aviation, target Rs 942: Dr CK Narayan

Dr CK Narayan of Chart Advise has a sell call on InterGlobe Aviation Ltd. with a target price of Rs 942. The current market price of InterGlobe Aviation Ltd. is Rs 948.5. 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 965. InterGlobe Aviation Ltd., incorporated in 2004, is a largecap company with a market cap of Rs 36460.99 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 30-09-2018, the company has reported a Standalone sales of Rs 6185.31 Crore, down -5.02 % from last quarter Sales of Rs 6511.97 Crore and up 16.90 % from last year same quarter Sales of Rs 5290.98 Crore Company has reported net profit after tax of Rs -652.13 Crore in latest quarter. The company’s top management includes Dr.Anupam Khanna, Mr.Anil Parashar, Mr.Devadas Mallya Mangalore, Mr.Rahul Bhatia, Mr.Rakesh Gangwal, Mrs.Rohini Bhatia. Company has BSR & Co. LLP as its auditoRs As on 30-09-2018, the company has a total of 384,406,838 shares outstanding.