InterGlobe shares gain 1.07% as Sensex falls
InterGlobe Aviation Ltd. traded 1.07 per cent up at Rs 3990.65 at 11:11AM (IST) on Wednesday, even as BSE benchmark Sensex dropped 276.28 points to 73235.57.
The stock had settled at Rs 3948.35 in the previous session. The stock quoted a 52-week high price of Rs 4188.15 and 52-week low of Rs 2158.85, respectively. As per BSE data, total traded volume on the counter till 11:11AM (IST) stood at 4152 shares with a turnover of Rs 1.65 crore.
At the prevailing price, shares of the company traded at 20.48 times its trailing 12-month EPS of Rs 186.46 per share and -11.79 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.88.
Shareholding Details
Promoters held 37.91 per cent stake in the company as of 31-Mar-2024, while FIIs owned 23.66 per cent and DIIs 12.38 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 66.03. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way
