Espresso shot of the day – InterGlobe Aviation Ltd up by 11.02 percent

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Espresso shot of the day – InterGlobe Aviation Ltd up by 11.02 percent

September 17, 2021
Espresso shot of the day – InterGlobe Aviation Ltd up by 11.02 percent

INTERGLOBE AVIATION LTD 2197.40 (+11.02 %) BSE – INE646L01027 | 17TH SEPTEMBER 2021


InterGlobe Aviation (IndiGo) is India’s largest passenger airline with a market share of 54.7% as of June 2021. Their journey began in August 2006 on the foundation of three pillars – offering low fares, being on time and delivering a courteous and hassle-free experience. Today, it has become synonymous with affordability, punctuality and reliability. With a fleet of 275 aircraft and growing, they connect people across the globe to a network of over 91 destinations worldwide. A uniform fleet for each type of operation, high operational reliability and award-winning service makes it one of the most reliable airlines in the world.

Recent Drivers

  • Aviation firms are gaining interest as regulatory data showed that passenger growth jumped 136.6% last month as the government started to ease COVID-related travel restrictions.
  • On Sept 16, 2021, the company has allotted 87.496 equity shares of face value of Rs 10 each to those grantees who had exercised their options under the lnterGlobe Aviation Limited – Employees Stock Option Scheme 2015 in accordance with the terms set out in the scheme.
  • On Sept 16, 2021, IndiGo announced that it was aiming at running at full capacity domestically and is targeting just over two-thirds in international routes as the pandemic eases and people start traveling more.
  • On July 27, 2021, InterGlobe Aviation reported net sales at Rs 3,006.91 crores in June 2021, up 292.17% from Rs 766.74 crores in June 2020.
  • On June 27, 2021, shareholders of InterGlobe Aviation approved a proposal to raise up to Rs 3,000 crores.
(Sources: Business Standard, Moneycontrol, Livemint, Hindustan Times)


Technical Force*

  • S&P BSE 100 month till date gain up by -0.31%
  • Traded on all-time-high value: 2243
  • 3 months avg. NSE volume: 7,59,544
  • Quantity traded: 2,83,377 | Deliverable quantity: 24,129 (8.51%)
  • Stock price has jumped more than 80% from one-year-low level: 1182.6 (Sept 24, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 2,243 | 52-week-low: 1,182.6

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

3106.95

2446.95

2085.05

1425.05

1063.15

403.15

41.25

    -

Fibonacci Pivot

2446.95

2056.58

1815.42

1660.09

1425.05

1190.01

1034.68

793.52

403.15


Today’s Close

2197.40

SMA

BSE

10 DAY

1974.11

20 DAY

1879.37

50 DAY

1781.44

200 DAY

1698.43


Some Key Ratios (Source: BSE)

Market Cap: 84,632.16 crores

PE: -12.37

OPM%: -43.46

ROE%: -8,686.72

Promoters holding%: 74.84

Prev. Close: 1,979.35

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.