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.