IndiGo expresses interest in acquiring Air India
InterGlobe Aviation Limited operated budget airline carrier, IndiGo has expressed interest in acquiring the international airline operations of Air India and Air India Express. Also, the company is equally interested in acquiring all of the airline operations of Air India and Air India Express. The market seems to have not liked the company’s interest in acquiring the debt-riddern national carrier.
The stock was trading down by over 4% at Rs 1183.7 per share as of 0944 hours on Friday. The company in its BSE filing, also reported that it has ordered 50 ATR turboprops to further deepen its connectivity into the hinterland of India.
Meanwhile, Nifty was trading lower by 39 points at 9,464 level and Sensex was trading lower by 131 points at 30,726 level.
Stock View :-
Interglobe Aviation Ltd is currently trading at Rs 1183, down by Rs 54 or 4.37% from its previous closing of Rs 1237 on the BSE.
The scrip opened at Rs 1260 and has touched a high and low of Rs 1260 and Rs 1173.25 respectively. So far 775510(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 44729.84 crore.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 1273.1 on 29-Jun-2017 and a 52 week low of Rs 790 on 11-Aug-2016. Last one week high and low of the scrip stood at Rs 1273.1 and Rs 1203 respectively.
The promoters holding in the company stood at 85.88 % while Institutions and Non-Institutions held 8.06 % and 6.06 % respectively.
The stock is currently trading above its 50 DMA.
The stock was trading down by over 4% at Rs 1183.7 per share as of 0944 hours on Friday. The company in its BSE filing, also reported that it has ordered 50 ATR turboprops to further deepen its connectivity into the hinterland of India.
Meanwhile, Nifty was trading lower by 39 points at 9,464 level and Sensex was trading lower by 131 points at 30,726 level.
Stock View :-
Interglobe Aviation Ltd is currently trading at Rs 1183, down by Rs 54 or 4.37% from its previous closing of Rs 1237 on the BSE.
The scrip opened at Rs 1260 and has touched a high and low of Rs 1260 and Rs 1173.25 respectively. So far 775510(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 44729.84 crore.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 1273.1 on 29-Jun-2017 and a 52 week low of Rs 790 on 11-Aug-2016. Last one week high and low of the scrip stood at Rs 1273.1 and Rs 1203 respectively.
The promoters holding in the company stood at 85.88 % while Institutions and Non-Institutions held 8.06 % and 6.06 % respectively.
The stock is currently trading above its 50 DMA.
Interglobe Aviation Ltd :-BSE 1,175.10 [61.90] ([5]%)
NSE 1,175.00 [62] ([5.01]%)
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