InterGlobe shares up 1.7% as Nifty drops

NEW DELHI: Shares of InterGlobe Aviation Ltd. traded 1.7 per cent up in Wednesday's trade at 10:20AM (IST). Around 8,249 shares changed hands on the counter.

The stock opened at Rs 4774.0 and touched an intraday high and low of Rs 4832.85 and Rs 4730.35, respectively, in the session so far. Shares of the company of InterGlobe Aviation Ltd. quoted a 52-week high of Rs 4832.85 and a 52-week low of Rs 2334.95.

Total market cap of the InterGlobe Aviation Ltd. stood at Rs 185833.78 crore at the time of writing this report.


Key Financials
The company reported consolidated net 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, domestic institutional investors held 12.67 per cent stake in the firm, while foreign institutional investors held 24.43 per cent and the promoters 55.29 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 23.79 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.