InterGlobe shares drop 0.86% as Sensex falls
The stock quoted a 52-week high of Rs 3318.4 and a 52-week low of Rs 1810.45.
Shares of . traded 0.86 per cent lower in Friday's session at 12:33PM (IST). The stock opened at Rs 3185.7 and has touched an intraday high and low of Rs 3185.7 and Rs 3140.0, respectively, during the session so far.The stock quoted a 52-week high of Rs 3318.4 and a 52-week low of 1810.45. About 3,972 shares changed hands on the counter so far.
Benchmark Nifty50 was down 198.91 points at 21947.75, while the BSE traded 551.47 points lower at 72545.81 at the time of writing of this report.
In the pack, 8 stocks traded the day in the green, while 42 were in the red.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 20062.25 crore, up 29.41 per cent from the previous quarter's Rs 15502.94 crore and up 30.19 per cent from the year-ago quarter. The company reported net profit of Rs 2998.12 crore for the latest quarter.
Promoter Holdings
Promoters held 63.13 per cent stake in the company as of 31-Dec-2023, while FIIs held 18.7 per cent and MFs 12.3 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2704.13 on March 15, while the 50-DMA was at Rs 3080.93. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
