Shares of InterGlobe rise as Nifty gains

economictimes.indiatimes.com:

InterGlobe Aviation Ltd. gained 0.04 per cent to Rs 4318.55 in Friday's trade as of 11:01AM (IST). It hit a high of Rs 4368.0 and low of Rs 4310.0 during the session.
The stock quoted a 52-week high price of Rs 4610.0 and a low of Rs 2334.95. The return on equity for the stock stood at 409.35 per cent. About 8,089 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 75.42 per cent in the past one year in comparison with a 28.73 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 2334.95 on July 12, while the 50-DMA was at Rs 4241.98. 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 35.91 per cent stake in InterGlobe Aviation Ltd. as of 30-Jun-2024. Mutual funds and foreign institutional investors held 12.67 per cent and 24.44 per cent stake.