{"id":386327,"date":"2020-11-26T12:37:50","date_gmt":"2020-11-26T07:07:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=386327"},"modified":"2020-11-26T12:37:50","modified_gmt":"2020-11-26T07:07:50","slug":"interglobe-aviation-declines-4-as-citi-downgrades-stock-to-sell","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/interglobe-aviation-declines-4-as-citi-downgrades-stock-to-sell\/","title":{"rendered":"InterGlobe Aviation declines 4% as Citi downgrades stock to &#8216;sell&#8217;"},"content":{"rendered":"<p>NEW DELHI: Shares of InterGlobe Aviation NSE -3.15 % fell 4 per cent in Thursday&#8217;s trade after foreign brokerage Citi downgraded the stock to &#8216;sell&#8217; from &#8216;neutral&#8217; with a target of Rs 1,400.<\/p>\n<p>The brokerage said that the market share of the aviation company might have peaked. It believed that there are many imponderables regarding sustainability of the September quarter drivers. Following the development, the stock fell 2.73 per cent to hit a low of Rs 1,531.60 on BSE. Citi&#8217;s target suggests up to 9 per cent potential downside from the prevailing levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Shares of InterGlobe Aviation NSE -3.15 % fell 4 per cent in Thursday&#8217;s trade after foreign brokerage Citi downgraded the stock to &#8216;sell&#8217; from &#8216;neutral&#8217; with a target of Rs 1,400. The brokerage said that the market share of the aviation company might have peaked. It believed that there are many imponderables regarding sustainability of the September quarter drivers. Following the development, the stock fell 2.73 per cent to hit a low of Rs 1,531.60 on BSE. Citi&#8217;s target suggests up to 9 per cent potential downside from the prevailing levels.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-386327","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/386327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=386327"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/386327\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=386327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=386327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=386327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}