InterGlobe shares up 0.97% as Nifty gains

NEW DELHI: Shares of InterGlobe Aviation Ltd. traded 0.97 per cent up in Wednesday's trade at 12:32PM (IST). Around 4,511 shares changed hands on the counter.

The stock opened at Rs 4325.0 and touched an intraday high and low of Rs 4339.0 and Rs 4280.8, respectively, in the session so far. Shares of the company of InterGlobe Aviation Ltd. quoted a 52-week high of Rs 4610.0 and a 52-week low of Rs 2334.95.

As per BSE, the total market cap of the InterGlobe Aviation Ltd. stood at Rs 165782.14 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 20248.9 crore for the quarter ended 30-Jun-2024, up 9.42 per cent from previous quarter's Rs 18505.1 crore and up 17.99 per cent from the year-ago quarter's Rs 17160.87 crore.

The net profit for latest quarter stood at Rs 2728.8 crore, down 11.71 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2024, DIIs held 12.67 per cent stake in the firm, while foreign institutional investors held 24.44 per cent and the promoters 35.91 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 21.23 and a price-to-book ratio of 68.53. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

InterGlobe Aviation Ltd. belongs to the Airlines industry.