InterGlobe Aviation, which operates the country’s largest domestic airline IndiGo, reported a net loss of Rs 620 crore in the third quarter of pandemic-struck 2020-21 financial year, against a net profit of Rs 496 crore in the year-ago period. This is the fourth consecutive quarterly loss for the airline. In the June and September quarter, it had incurred a net loss of Rs 2,884 crore and Rs 1,194 crore, respectively. While revenue from operations improved sequentially to Rs 4,910 crore it was still 50 per cent lower on year-on-year (YoY) basis. The airline was able to control its costs better, reducing its cash burn to Rs 15 crore a day from Rs 30 crore in the first quarter. It has decided to not pursue a qualified institutional placement (QIP) offering and will fund its operations from internal accruals.
IndiGo s sequential Q3FY21 net loss narrows to Rs 620 cr daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
Trade setup for Thursday: Top 15 things to know before Opening Bell
The formation of reversal and the bearish candlestick pattern could signal more weakness towards 13,765 levels in the next few sessions, says Nagaraj Shetti of HDFC Securities. Sunil Shankar Matkar January 27, 2021 / 10:49 PM IST
The Nifty50 ended in the red for the fourth consecutive session and lost nearly 2 percent on January 27 on across-the-board selling, except FMCG sector, ahead of the expiry of current month s futures & options (F&O) contracts on January 28.
The S&P BSE Sensex plunged 937.66 points or 1.94 percent to 47,409.93, while the Nifty50 fell 271.40 points or 1.91 percent to 13,967.50 and formed a Bearish Belt Hold pattern on the daily charts.
Technical View: Nifty forms bearish candle for third day, avoid long side bets
Traders should avoid long side bets whereas intraday traders with a high-risk appetite can consider shorting below 14,218 levels, Mazhar Mohammad of Chartviewindia.in said. Sunil Shankar Matkar January 25, 2021 / 05:18 PM IST
The Nifty50 traded lower for the major part of the session amid volatility and fell sharply for the third consecutive session on January 25. Weak global cues and reports of Indo-China border skirmish weighed on sentiment.
The Nifty50 opened higher at 14,477.80 and hit an intraday high of 14,491.10 but turned volatile with a negative bias for the remaining session. The index touched the day s low of 14,218.60 before signing off at 14,238.90, down 133 points.
Dalal Street Week Ahead: Here Are 10 Key Factors That Will Keep The Traders Busy moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.