Share price of InterGlobe AviationNSE -1.03 % Ltd. dropped 0.5 per cent to Rs 907.6 at 01:59PM (IST) in Tuesday’s trade. The counter hit a high of Rs 935.6 and low of Rs 885.4 so far during the session. The stock had closed at Rs 912.2 in the previous session.
The counter had a total traded volume of 01:59PM shares so far with a turnover of Rs 12.95 crore on BSE. The stock traded at a price-to-earnings multiple of 28.21 and a price-to-book ratio of 5.0.
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.
