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A profit in the third quarter boosts InterGlobe Aviation stock by 9%

InterGlobe Aviation’s stock jumped nearly 9% today after the budget airline reported a profit in the December quarter. InterGlobe Aviation’s stock rose 8.70% to Rs 2,146.15 on the BSE, from the previous closing of Rs 1,974.30.

A total of 0.72 lakh shares of the company were traded, resulting in a turnover of Rs 15.08 crore. The stock is trading higher than the 5 days, 50 days, and 200-day moving averages, but lower than the 20 and 100 day moving averages.

In a year, the stock has increased by 26.91%, and it has increased by 5.86% since the beginning of this year. The company’s market capitalization increased to Rs 82,565 crore.

On November 16, 2021, the aviation stock reached a 52-week high of Rs 2,379 and a 52-week low of Rs 1,502.90 on April 20, 2021. On the BSE, the stock opened at Rs 2,010.95.

InterGlobe Aviation, the parent company of IndiGo, the country’s largest airline, reported a profit of Rs 129.8 crore in the third quarter of 2021. In the previous financial year, the airline company lost Rs 620.1 crore. In the previous financial year, the airline company lost Rs 620.1 crore.

In Q3, the company’s revenue from operations increased to Rs 9,294.8 crore compared with Rs 4,910 crore a year ago.

In the third quarter of this fiscal year, total income increased by 84.3% on an annual basis to Rs 9,480.1 crore.

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