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Shares of InterGlobe Aviation declined about 5.74%, the most since June 20, after company reported a loss for the third straight quarter.
Total traded volume is 3.3 times the 30-day average.
Of the 25 analysts tracking the company, 17 maintain a ‘buy’, one suggests a ‘hold’ and seven recommend a ‘sell’. The return potential of the stock is 30.2%.
InterGlobe Aviation Q2 FY23 Highlights (YoY):
-Net loss widened to Rs 1,583.3 crore vs. Rs 1,435.7 crore a year ago.
-Revenue rose 123% to Rs 12,497.6 crore against the Rs 11,521-crore forecast.
-Ebitda rose 32.7% to Rs 229.2 crore.
-Ebitda margin stood at 1.8% versus 6.1% last year.
The company has reported losses in 10 out of the last 11 quarters.
Source: Bloomberg, Exchange Filings
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