InterGlobe shares fall 0.07% as Nifty drops
InterGlobe Aviation Ltd. traded 0.07 per cent down at Rs 4315.55 on Thursday at around 11:36AM (IST), while the benchmark BSE Sensex declined 300.22 points to 79167.79.
As many as 4,411 shares changed hands on the counter with a total value of Rs 1.9 crore.
The stock quoted a 52-week high price of Rs 4610.0 and a 52-week low of Rs 2334.95.
On the technical charts, the 200-DMA of the stock stood at Rs 3464.99, while 50-DMA was at Rs 4307.34. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 68.59 per cent in the past one year, while Sensex has risen 18.68 per cent during the same period.
According to BSE data, the stock trades at a price-to-earnings multiple of 21.3 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Airlines industry.
(You can now subscribe to our ETMarkets Read more on economictimes.indiatimes.com
