InterGlobe Aviation

The company's consolidated revenue from operations rose 29% to Rs 8,021 crore in Q4FY22

Going forward, analysts are cautiously optimistic on the prospects of the airline as it manages demand revival amid increased competition

Since 2014, Elbers (52) has served as the President & Chief Executive Officer of KLM Royal Dutch Airlines

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Sumantran currently serves as the chairman and managing director of Celeris Technologies, a strategic advisory firm

Airlines currently face a challenging time ahead on account of record high ATF prices, which are likely to increase further on the back of Russia-Ukraine conflict, says an analyst

Both, Indigo and SpiceJet had broken major key levels; For reversal to take place these stocks need to conquer near-term hurdles and show sustainability.

While new investors should benefit from the potential future growth in the company's share price, a gradual reduction of my stake should also allow me to benefit from some of the upside, GangwaL said.

Stock analysts said Gangwal's announcement will keep the company's stock price under pressure

'It is my intention to gradually reduce my stake in InterGlobe over the next 5 plus years,' says Gangwal

Oil prices climbed towards their highest levels in more than seven years on Monday on fears that a possible invasion of Ukraine by Russia could trigger sanctions (on the latter) from US and Europe

On the volume front, 1.56 lakh shares were traded on BSE and 44.81 lakh on NSE

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However, rising crude oil prices could offset top line growth and impact margins

Analysts expect under-performance by FMCG shares to continue

Indian Energy Exchange and Apollo Pipes have announced their respective record dates for the issuance of bonus shares for eligible shareholders

UBS Principal Capital Asia Ltd on Friday sold shares of InterGlobe Aviation Ltd worth over Rs 900 crore, through open market transaction.

Till 10:34 AM, around 4.28 million equity shares representing 1.1 per cent of total equity of InterGlobe Aviation had changed hands on the BSE

The BSE Sensex has now shed 5 per cent (2,938 points) from its recent peak of 62,245. The Nifty has declined 3.8 per cent (677 points) in the last two weeks.