Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. InterGlobe Aviation Limited
  6. News
  7. Summary
    INDIGO   INE646L01027


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Indian shares close at record highs as Tata Motors soars on EV plans

10/13/2021 | 06:19am EDT
A woman walks past the Bombay Stock Exchange building in Mumbai

BENGALURU, Oct 13 (Reuters) - Indian shares settled at all-time highs on Wednesday, as Tata Motors soared on plans to boost electric-vehicle investments, with easing domestic inflation and the recommendation of an emergency nod for a COVID-19 vaccine for kids aiding sentiment.

The NSE Nifty 50 index ended up 0.94% at 18,161.75, and the benchmark S&P BSE Sensex closed up 0.75% at 60,737.05. Both the indexes have risen for five straight sessions.

Tata Motors surged nearly 25% to its highest since February 2017 and was the top boost to the Nifty 50. The Jaguar Land Rover parent raised funds from private equity firm TPG and said it would invest over $2 billion in its electric vehicle (EV) business over the next five years.

"Overall, the EV market is very vibrant in India. With Tata's move, the commercial space could get interesting, and we could see other auto firms following suit," said Narendra Solanki, head of equity research (fundamental) at Anand Rathi Investment Services.

Nifty's auto index rose for a fifth session to settle 3.4% higher.

"The economy seems to be responding well, and news around the vaccine for kids is also supporting momentum," Solanki said, referring to India's drug regulator recommending emergency use of Bharat Biotech's Covaxin for the two to 18 age group.

The country's retail inflation eased to a five-month low in September, data on Tuesday showed, amid rising concerns around soaring global energy prices.

All major sub-indexes except Nifty's realty index eked out gains on Wednesday.

The Nifty's IT index snapped two sessions of losses to close up 1.2%. Shares of Infosys Ltd and Wipro Ltd closed up 1.4% and 2.1%, respectively, ahead of reporting their September-quarter results.

Investment banking firm Centrum Capital closed up nearly 13% after the central bank issued a small finance bank license for its unit. (Reporting by Chandini Monnappa in Bengaluru; editing by Uttaresh.V)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CENTRUM CAPITAL LIMITED -2.68% 41.75 End-of-day quote.147.77%
INFOSYS LIMITED -2.49% 1757.55 Delayed Quote.43.52%
INTERGLOBE AVIATION LIMITED 1.27% 2038.75 Delayed Quote.16.75%
SPICEJET LIMITED -1.14% 73.6 End-of-day quote.-22.49%
TATA MOTORS LIMITED 1.03% 487.05 End-of-day quote.165.13%
WIPRO LIMITED -1.37% 701.9 End-of-day quote.81.72%
10/13Indian shares close at record highs as Tata Motors soars on EV plans
10/13India's IndiGo sees Tata as 'formidable competition' after Air India deal
10/13INTERGLOBE AVIATION : Indian airline stocks soar as government allows full flight capacity
10/12INTERGLOBE AVIATION : India allows domestic flights to fly at full capacity
10/11Auto rally powers Nifty above 18,000
09/28AMERICAN AIRLINES : signs code-sharing pact with India's largest airline
09/17Indian shares book fourth straight weekly gain on government support boost
09/17INTERGLOBE AVIATION : Indian shares book fourth straight weekly gain on government support..
09/17INTERGLOBE AVIATION : Indian airlines fly high as August passenger traffic surges
09/13SPICEJET : India's SpiceJet settles with Boeing MAX aircraft lessor CDB Aviation
More news
Analyst Recommendations on INTERGLOBE AVIATION LIMITED
More recommendations
Sales 2022 230 B 3 076 M 3 076 M
Net income 2022 -61 136 M -817 M -817 M
Net Debt 2022 272 B 3 639 M 3 639 M
P/E ratio 2022 -12,5x
Yield 2022 -
Capitalization 775 B 10 353 M 10 360 M
EV / Sales 2022 4,55x
EV / Sales 2023 2,60x
Nbr of Employees 23 204
Free-Float 21,4%
Duration : Period :
InterGlobe Aviation Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INTERGLOBE AVIATION LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 23
Last Close Price 2 011,95 INR
Average target price 1 914,96 INR
Spread / Average Target -4,82%
EPS Revisions
Managers and Directors
Rono Joy Dutta Chief Executive Officer & Executive Director
Wolfgang Prock Schauer President & Chief Operating Officer
Jiten Chopra Chief Financial Officer
Meleveetil Damodaran Chairman
Sanjay Gupta Secretary & Chief Compliance Officer
Sector and Competitors