Interglobe Aviation's Stock Sees 3.14% Rise, Outperforms Sector Average

Interglobe Aviation, the parent company of India's largest airline IndiGo, saw a rise of 3.14% in its stock price on October 9th, 2024. This gain was higher than the sector average, with the stock outperforming the sector by 0.29%. The stock has been on a consecutive gain for the last two days, with a total return of 5.3% during this period.

The stock also touched an intraday high of Rs 4741.6, showing a 3.13% increase. The moving averages for the stock are higher than the 5-day, 50-day, 100-day, and 200-day moving averages, but lower than the 20-day moving average.

In the overall sector, airlines have gained by 3.06%, indicating a positive trend in the industry. The stock call for Interglobe Aviation by MarketsMOJO is 'Hold', suggesting a neutral stance on the stock.

In comparison to the performance of the Sensex, Interglobe Aviation has outperformed with a 1-day performance of 3.40% compared to the Sensex's 0.24%. However, in the last month, the stock has seen a decline of 1.18% while the Sensex has shown a slight increase of 0.33%.

Overall, Interglobe Aviation's stock has shown a positive trend with a consecutive gain in the last two days and outperforming the sector. However, the stock call remains 'Hold' and investors should carefully consider their options before making any decisions.