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Sell InterGlobe Aviation, price target Rs 1,300: CK Narayan

The analyst suggested a stoploss at Rs 1345

ETMarkets.com|
Updated: Dec 11, 2019, 09.00 AM IST
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CK Narayan of Chart Advise has a sell call on InterGlobe Aviation Ltd. with a target price of Rs 1,300.0 . The current price of InterGlobe Aviation Ltd. is Rs 1327.35 Time period given by the analyst is Intra Day when InterGlobe Aviation Ltd. price can reach defined target. . CK Narayan recommended to keep a stoploss at Rs 1345 .

InterGlobe Aviation Ltd., incorporated in 2004, has a market cap of Rs 51057.42 crore.

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.

The company’s top management includes Dr.Anupam Khanna, Mr.Anil Parashar, Mr.Meleveetil Damodaran, Mr.Rahul Bhatia, Mr.Rakesh Gangwal, Mrs.Rohini Bhatia, Ms.Pallavi Shardul Shroff. Company has S R Batliboi & Co. LLP as its auditors. As on 30-09-2019, the company has a total of 384,656,803 shares outstanding.

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