IndiGo Share Price: Shares of InterGlobe Aviation Limited (IndiGo) have seen a decline of 4 percent today. Many reports say that the promoters of the company may reduce their stake by 2 percent. This discussion has weakened the company’s position in the stock market today (Stock Market News).
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On Tuesday, the company’s shares opened at Rs 4409.95 in BSE. But after some time it reached the level of Rs 4471.90. That is, due to talk of promoters selling their stake, the stock fell by 4.40 percent. Let us tell you, the promoters of Indigo are Enterglobe Enterprises.
Can sell 77 lakh shares
According to reports, InterGlobe Enterprises chief Rahul Bhatia may sell 77 lakh shares. For this, the price per share has been fixed at Rs 4266. Which is cheaper than the company’s closing of Rs 4566.60 on Monday. Let us tell you, today the market cap of InterGlobe Aviation Limited slipped to Rs 1,69.551 crore.
Today again the stock market opened with gains, Sensex rose by 200 points.
As per the data as of March 31, 2024, the total stake of Enterglobe Enterprises was 37.75 percent. Talking about the company’s performance in the stock market, positional investors have got a profit of 60 percent during the last 6 months. During the last one year, the company’s share prices have seen a rise of more than 82 percent.
The 52 week high level of the company is Rs 4,610 and 52 week low level is Rs 2331.20. The total stake of mutual funds is 12.38 per cent stake. The foreign investor’s stake is 23.66 percent.
How about quarterly accounting?
The company had made a net profit of Rs 919.20 crore in the March quarter. Which is 26 percent more on annual basis. The company’s revenue from January to March 2024 was Rs 17,825.30 crore. An increase of 48.70 percent has been seen in EBITDA.
