Friday, October 18, 2024
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Surat
27.7 C
Surat
Friday, October 18, 2024

Interglobe’s share price has fallen as Nifty strengthened

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Shares of Interglobe Aviation Ltd fell 0.96 percent by 02:10PM (IST) on Monday to Rs. 4667.75. During the session, the stock traded at Rs. 4727.3 higher prices and Rs. It touched a low of 4603.45.

The return on equity (ROE) for the stock was 409.35 percent. The volume traded over the counter was at 02:10PM and the turnover at that time was Rs. 678.16 crores. Shares of Interglobe Aviation Limited respectively Rs. 4727.3 at a 52-week high and Rs. A 52-week low of 2334.95 was shown.

The stock’s beta value, which measures its volatility relative to the broader market, stood at 0.88.

Promoter/FII holding

As on 30-Jun-2024, promoters held 35.91 per cent stake in the company, while foreign investors held 24.44 per cent and domestic institutional investors 12.67 per cent.

Chief Financial Officer

For the quarter ended 30-Jun-2024, the company posted Rs. 20248.9 crore reported consolidated sales, up from the previous quarter’s Rs. 18505.1 crore by 9.42 percent and the year-ago quarter’s Rs. 17160 was 17.99 percent higher. Net profit after tax in the latest quarter was Rs. 2728.8 crore, which was 11.71 percent lower than the same quarter a year ago.

Technicals
MACD indicated a bullish bias on the counter. MACD is known for indicating the opposite trend in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called a signal line, is plotted above the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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