Mandar Jamsandekar of Precision Technicals has a buy call on InterGlobe Aviation with a target price of Rs 1,980.
The current market price of InterGlobe Aviation is Rs 1,761.45.
Mandar Jamsandekar recommended to keep a stop loss at Rs 1,700.
InterGlobe Aviation key products/revenue segments include income (airlines) which contributed Rs 27,769.81 crore to sales value (97.44 per cent of total sales), traded goods which contributed Rs 395.41 crore to sales value (1.38 per cent of total sales) and other operating revenue which contributed Rs 331.55 crore to sales value (1.16 per cent of total sales) for the year ending 31 March, 2019.
For the quarter ended 30-06-2019, the company has reported consolidated sales of Rs 9,420.06 crore, up 19.49 per cent from last quarter sales of Rs 7,883.26 crore and up 44.66 per cent from last year same quarter sales of Rs 6,511.97 crore.
The company has reported a net profit after tax of Rs 1,203.14 crore in latest quarter.
The company’s top management includes Anupam Khanna, Anil Parashar, Meleveetil Damodaran, Rahul Bhatia, Rakesh Gangwal, Rohini Bhatia and Pallavi Shardul Shroff.
Company has S R Batliboi - Co.
LLP as its auditor.
As on 30-06-2019, the company has a total of 384,656,803 shares outstanding.
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Buy Indigo, target price Rs 1,980: Mandar Jamsandekar
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