Shares of InterGlobe fall as Nifty drops
InterGlobe Aviation Ltd. slipped 1.53 per cent to Rs 2554.55 in Tuesday's trade as of 12:48PM (IST). It hit a high of Rs 2608.0 and low of Rs 2551.6 during the session.
The stock quoted a 52-week high price of Rs 2745.95 and a low of Rs 1676.0. The return on equity for the stock stood at 0.0 per cent. About 12,252 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.88. The scrip has been an outperformer, up 35.11 per cent in the past one year in comparison with a 15.34 per cent gain in Sensex.Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1676.0 on August 01, while the 50-DMA was at Rs 2516.17. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.Promoter/FII Holding Promoters held 38.05 per cent stake in InterGlobe Aviation Ltd. as of 30-Jun-2023. Mutual funds and foreign institutional investors held 8.76 per cent and 19.76 per cent stake.
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