CK Narayan of Chart Advise has a sell call on InterGlobe Aviation Ltd. with a target price of Rs 1280. The current price of InterGlobe Aviation Ltd. is Rs 1300.55. CK Narayan recommended to keep a stop loss at Rs 1315.
InterGlobe Aviation Ltd., incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 49755.36 Crore) operating in Airlines sector.
InterGlobe Aviation Ltd. key Products/Revenue Segments include Income (Airlines) which contributed Rs 27769.81 Crore to Sales Value (97.44 % of Total Sales), Traded Goods which contributed Rs 395.41 Crore to Sales Value (1.38 % of Total Sales) and Other Operating Revenue which contributed Rs 331.55 Crore to Sales Value (1.16 % of Total Sales)for the year ending 31-Mar-2019.
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 8105.19 Crore, down 13.96 % from last quarter sales of Rs 9420.06 Crore and up 31.04 % from last year same quarter sales of Rs 6185.31 Crore. Company has reported net profit after tax of Rs -1061.99 Crore in latest quarter.
Source: Economic Times
