Share price of InterGlobe falls as Nifty weakens

The return on equity (ROE) for the stock stood at -8300.11 per cent. Traded volume on the counter stood at 02:12PM shares and turnover at Rs 1.78 crore around that time. The stock of InterGlobe Aviation Ltd. quoted a 52-week high price of Rs 1986.0 and 52-week low prices of Rs 1182.6, respectively.

The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.88.

Promotor/FII Holding

Promoters held 38.2 per cent stake in the company as of 30-Jun-2021, while FIIs held 19.17 per cent and domestic institutional investors had 2.6 per cent.

Key Financials

The company reported consolidated sales of Rs 3170.25 crore for the quarter ended 30-Jun-2021, down 50.17 per cent from previous quarter’s Rs 6361.8 crore and down 177.16 per cent from the year-ago quarter’s Rs 1143.82 crore. Net loss after tax for the latest quarter stood at Rs 3174.18 crore, up 11.6 per cent from the same quarter a year ago.

Technicals
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals 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 the signal line, is plotted on topof 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.