Share price of InterGlobe AviationNSE 8.74 % Ltd. dropped 1.35 per cent to Rs 907.9 at 02:01PM (IST) in Wednesday’s trade. The counter hit a high of Rs 926.7 and low of Rs 900.6 so far during the session. The stock had closed at Rs 920.35 in the previous session.
The counter had a total traded volume of 02:01PM shares so far with a turnover of Rs 4.82 crore on BSE. The stock traded at a price-to-earnings multiple of 28.33 and a price-to-book ratio of 5.02.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
