Share price of InterGlobe AviationNSE -2.28 % Ltd. dropped 3.62 per cent to Rs 968.4 at 02:08PM (IST) in Thursday’s trade. The counter hit a high of Rs 1003.35 and low of Rs 968.15 so far during the session. The stock had closed at Rs 1004.8 in the previous session.
The counter had a total traded volume of 42,653 shares so far with a turnover of Rs 4.16 crore on BSE. The stock traded at a price-to-earnings multiple of 30.36 and a price-to-book ratio of 5.38.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
