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    INDIGO   INE646L01027


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Indian shares end lower as Tata Motors warns of chip shortage hit at JLR

07/06/2021 | 06:39am EDT
FILE PHOTO: A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai

BENGALURU (Reuters) - Indian shares reversed course to tick lower on Tuesday, dragged down by losses in auto stocks after sector bellwether Tata Motors warned a worsening chip shortage would hit its Jaguar Land Rover unit.

The blue-chip NSE Nifty 50 index closed down 0.1% at 15,818.25, while the benchmark S&P BSE Sensex ended 0.04% lower at 52,861.18 after touching an all-time high earlier in the day.

Shares of Jaguar Land Rover parent Tata Motors dropped as much as 10% after it said that semiconductor supply constraints would deepen in the near term, impacting the unit's performance.

The Nifty Auto index which had risen 0.66% in the morning, ended 1.74% lower.

Billionaire Mukesh Ambani-owned Reliance Industries closed 1.2% lower, snapping two straight sessions of gains.

Airline stocks closed higher after the country's aviation ministry https://twitter.com/MoCA_GoI/status/1412060563975282695?s=20 allowed an increase in capacity on domestic flights to 65% until July-end, from 50% earlier. Shares of IndiGo's parent, InterGlobe Aviation, and low-cost carrier SpiceJet ended up 0.7% and 0.1%, respectively.

State-owned oil explorers Oil and Natural Gas Corporation and Oil India Ltd rose 3.4% and 3%, respectively, as oil prices extended gains after OPEC+ nations called off talks on output levels.

Morepen Laboratories' shares soared as much as 15.2% after the drugmaker said it had started production of the Sputnik V COVID-19 vaccine.

Meanwhile, Indian bond yields jumped as a rally in global crude oil prices raised worries about higher imported inflation, while a selection of papers for this week's bond buyback by the central bank also disappointed investors.

(Reporting by Shivani Singh in Bengaluru; Editing by Aditya Soni)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
INTERGLOBE AVIATION LIMITED -3.87% 2126.3 Delayed Quote.28.62%
MOREPEN LABORATORIES LIMITED -0.09% 57.85 End-of-day quote.88.44%
OIL AND NATURAL GAS CORPORATION LIMITED -1.71% 135.35 Delayed Quote.48.04%
OIL INDIA LIMITED 2.03% 217.5 Delayed Quote.99.12%
RELIANCE INDUSTRIES LTD 0.05% 2492.2 Delayed Quote.25.42%
SPICEJET LIMITED -0.45% 77.9 End-of-day quote.-17.96%
TATA MOTORS LIMITED 3.71% 321.55 End-of-day quote.75.04%
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
08/31InterGlobe Aviation Limited Appoints Gregg Albert Saretsky as Non-Executive Director
08/29InterGlobe Aviation Limited Announces Appointment of Mr. Gregg Saretsky to the Position..
08/29IndiGo’s Plan to Raise INR 30 Billion Via QIP Hits an Air Pocket
08/26India's SpiceJet expects to restart Boeing MAX service by next month
08/26Indian aviation watchdog plans tough new drug abuse rules
07/30Indian billionaire's new airline may give Boeing a chance to regain lost ground
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Analyst Recommendations on INTERGLOBE AVIATION LIMITED
More recommendations
Sales 2022 230 B 3 120 M 3 120 M
Net income 2022 -59 742 M -811 M -811 M
Net Debt 2022 272 B 3 693 M 3 693 M
P/E ratio 2022 -14,0x
Yield 2022 -
Capitalization 854 B 11 574 M 11 584 M
EV / Sales 2022 4,90x
EV / Sales 2023 2,84x
Nbr of Employees 23 204
Free-Float 22,7%
Duration : Period :
InterGlobe Aviation Limited Technical Analysis Chart | INDIGO | INE646L01027 | MarketScreener
Technical analysis trends INTERGLOBE AVIATION LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 21
Last Close Price 2 216,50 INR
Average target price 1 859,43 INR
Spread / Average Target -16,1%
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