Interglobe Aviation Ltd Share Price – NSE  / BSE

Air Transport Service, Mid Cap

Shares of the InterGlobe Aviation jumped 13.26 % in five trading sessions from its recent closing low of Rs 4,298.70 on 21 August 2024.

The stock hit an all-time high of Rs 4,944.60 today. The counter has soared 111.76% from its 52-week low of Rs 5,410 hit on 28 September 2023.

On the BSE, 39,759 shares were traded in the counter so far compared with average daily volumes of 4.72 lakh shares in the past two weeks.

The stock had outperformed the market over the past one month, rising 8.41% as against Sensex's 0.68% rose.

The scrip had outperformed the market in past three months, advancing 14.41 % as against 8.59 % increase in Sensex.

Further, the counter had also outperformed the market in past one year, soaring 96.53% as against Sensex's 25.99% jump.

On the technical front, the stock's daily RSI (relative strength index) stood at 75.69. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50 day, 100-day and 200-day simple moving average (SMA) placed at 4,347.49, 4,188.14 and 3,591.96, respectively. These levels will act as crucial support zones in near term.

InterGlobe Aviation in the low cost carrier (LCC) segment of the airline industry in India. The principal activities of the Company comprises of air transportation which includes passenger and cargo services and providing related allied services including in-flight sales.

The company’s consolidated net profit declined 11.71% to Rs 2,728.8 crore in Q1 FY25 from Rs 3,090.6 crore posted in Q1 FY24. However, revenue from operations jumped 17.31% year on year (YoY) to Rs 19,570.7 crore in the quarter ended 30 June 2024.

Powered by Capital Market - Live News

InterGlobe Aviation announced that the Annual General Meeting (AGM) of the company will be held on 23 August 2024.

Powered by Capital Market - Live News

The key equity indices pared some gains and traded with minor gains in early afternoon trade. The Nifty traded below the 24,900 level after hitting day’s high of 24,999.75 in morning trade. Media shares extended gains for the fifth consecutive trading sessions.

At 12:30 IST, the barometer index, the S&P BSE Sensex, was up 110.45 points or 0.14% to 81,443.17. The Nifty 50 index rose 32 points or 0.13% to 24,866.85.

The Sensex and Nifty clocked an all-time high of 81,908.43 and 24,999.75, respectively in early-afternoon trade.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.55% and the S&P BSE Small-Cap index gained 1%. The S&P BSE Small-Cap index hit an all-time high at 55,066.48.

The market breadth was strong. On the BSE, 2,407 shares rose and 1,511 shares fell. A total of 162 shares were unchanged.

Economy:

India’s forex reserves jumped by $4.00 billion to hit an all-time high of $670.86 billion as of July 19, data shared by the Reserve Bank of India (RBI) showed on Friday.

According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) increased by $2.57 billion to $588.05 billion.

Gold reserves expanded by $1.32 billion to $59.99 billion, whereas SDRs were up by $95 million to $18.20 billion.

Reserve position in the IMF was remained unchanged at $4.60 billion.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 3.24% to 12.65. The Nifty 29 August 2024 futures were trading at 24,903, at a premium of 36.15 points as compared with the spot at 24,866.85.

The Nifty option chain for the 29 August 2024 expiry showed maximum Call OI of 26.5 lakh contracts at the 24,500 strike price. Maximum Put OI of 37.5 lakh contracts were seen at 24,500 strike price.

Buzzing Index:

The Nifty Media index added 1.73% to 2,111.60. The index surged 8.08% in the five trading sessions.

TV18 Broadcast (up 5.34%), Sun TV Network (up 2.75%), Zee Entertainment Enterprises (up 2.31%), Network 18 Media & Investments (up 1.9%) and PVR Inox (up 1.89%), Saregama India (up 1.37%), Hathway Cable & Datacom (up 1.25%), Dish TV India (up 0.38%), Nazara Technologies (up 0.2%) edged higher.

Stocks in Spotlight :

InterGlobe Aviation’s (IndiGo) fell 1.98% after the company’s consolidated net profit declined 11.71% to Rs 2,728.8 crore in Q1 FY25 from Rs 3,090.6 crore posted in Q1 FY24. Revenue from operations jumped 17.31% year on year (YoY) to Rs 19,570.7 crore in the quarter ended 30 June 2024.

Nuvama Wealth Management rallied 4.83% after the company reported 79.52% increase in net profit to Rs 220.77 crore in Q1 FY25 as compared with Rs 122.98 crore in Q1 FY24. Revenue from operations jumped 46.58% YoY to Rs 949.43 core in Q1 FY25.

NTPC shed 0.15%. The state-run power major’s consolidated net profit increased 12.33% to Rs 5,474.14 crore on 12.64% rise in revenue from operations to Rs 48,520.57 crore in Q1 FY25 over Q1 FY24.

Powered by Capital Market - Live News

However, revenue from operations jumped 17.31% year on year (YoY) to Rs 19,570.7 crore in the quarter ended 30 June 2024.

Total income in Q1 FY25 was at Rs 20,248.9 crore, up 17.99% from Rs 17,160.9 crore reported in Q1 FY24.

During the quarter, passenger ticket revenues were Rs 16,501.9 crore, registering a growth of 10% and ancillary revenues were Rs 1,763.4 crore, up 13.9% compared to the same period last year.

EBITDAR (earnings before finance income and cost, tax, depreciation, amortization and aircraft, engine rental) grew by 11.5% YoY to Rs 5,811.1 crore in the June quarter. EBITDAR margin reduced to 29.7% in Q1 FY25 as compared to 31.2% recorded in the corresponding quarter previous year.

Total expenses spiked 23.98% YoY to Rs 17,444.9 crore in Q1 FY25 over Q1 FY24. Aircraft fuel expenses amounted to Rs 6,416.5 crore (up 22.73% YoY) while Aircraft and engine rentals was at Rs 624.1 crore (up 220.71% YoY) during the quarter.

The company’s passenger count rose by 6.2% to 27.8 million in quarter ended June 2024 from 26.2 million reported in the same quarter last year.

Available seat-kilometer (ASK) increased 11.1% to 36.3 billion in Q1 FY25 from 32.7 billion posted in Q1 FY24. Revenue passenger-kilometer (RPK) grew by 8.7% to 31.5 billion in June 2024 quarter over 29 billion reported in June 2023 quarter.

Revenue per available seat kilometer (RASK) rose 5.5% to Rs 5.40 in Q1 FY25 from Rs 5.12 reported in Q1 FY24. While, cost of available seat kilometer (CASK) was at Rs 4.62 in Q1 FY25, up 10.9% YoY.

As of 30 June 2024, IndiGo had a total cash balance of Rs 36,100.6 crore, comprising Rs 22,087.6 crore of free cash and Rs 14,013 crore of restricted cash.

The capitalized operating lease liability was Rs 44,956.7 crore and the total debt (including the capitalized operating lease liability) was Rs 52,526.4 crore, as of 30 June 2024.

IndiGo operated at a peak of 2,029 daily flights during the quarter including non-scheduled flights.

Explaining its future capacity growth, the company said, “Second quarter of fiscal year 2025 capacity in terms of ASKs is expected to increase by high single digits as compared to the second quarter of fiscal year 2024.”

Pieter Elbers, CEO of InterGlobe Aviation said, “A continued growth in total income of 18% as compared to the same period last year to Rs 202.5 billion and a net profit of Rs 27.3 billion, resulting in a solid margin of around 14.5%.”

InterGlobe Aviation in the low cost carrier (LCC) segment of the airline industry in India. The principal activities of the Company comprises of air transportation which includes passenger and cargo services and providing related allied services including in-flight sales.

Powered by Capital Market - Live News