{"id":111320,"date":"2023-10-06T13:30:06","date_gmt":"2023-10-06T08:00:06","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111320"},"modified":"2023-10-06T15:00:48","modified_gmt":"2023-10-06T09:30:48","slug":"large-cap-stock-jumps-after-company-announced-fuel-surcharge-on-airfares","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/large-cap-stock-jumps-after-company-announced-fuel-surcharge-on-airfares\/","title":{"rendered":"Large cap stock jumps after company announced fuel surcharge on airfares"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1945195938\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Stocks of India\u2019s largest airline rose by 2 percent after the company imposed fuel surcharges in the range of Rs. 300- 1,000 on airfares.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3914672609\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 11.31, 6th October shares of Interglobe Aviation Ltd were trading at Rs. 2524.20 per share, up by 2 percent from previous closing price of Rs. 2474.40.\u00a0<\/p><p>Such bullish stock price movements are observed after the company imposed fuel surcharges in the range of Rs. 300- 1,000 on airfares due to the steep rise in jet fuel prices. A distance of up to 500 kilometres (km) will incur a fuel charge of \u20b9300; \u20b9400 for 501-1,000 km, \u20b9550 for 1,001-1,500 km; \u20b9650 for 1,501-2,500 km; \u20b9800 for 2,501-3,500 km; and of \u20b91,000 for 3,501 km and above.\u00a0<\/p><p>Looking at the financial statements, the company\u2019s revenue increased by 29.78 percent to Rs. 16,683.05 crores in Q1FY24 from Rs. 12,855.29 crores in Q1FY23, in the same time period net profit increased to Rs. 3,090.6 crores in Q1FY24 from a loss of Rs. 1,064.26 crores in Q1FY23.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3851151867\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Talking about the financial ratios, the company reported return on capital employed (ROCE) of 7 percent and current ratio of 1.09.&nbsp;<\/p><p>InterGlobe Aviation Limited, doing business as IndiGo, is an Indian low-cost airline headquartered in Gurgaon, Haryana, India. It is the largest airline in India by passengers carried and fleet size, with a 63.4% domestic market share as of July 2023.&nbsp;<\/p><p><strong>Written by: Vinit Israni<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3978416665\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Stocks of India\u2019s largest airline rose by 2 percent after the company imposed fuel surcharges in the range of Rs. 300- 1,000 on airfares.\u00a0 At 11.31, 6th October shares of Interglobe Aviation Ltd were trading at Rs. 2524.20 per share, up by 2 percent from previous closing price of Rs. 2474.40.\u00a0 Such bullish stock price [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-111320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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