InterGlobe Aviation Ltd (NS:INGL) shares increased by almost 2% today and have surged by 10% in the past two weeks. The shares benefited from the sharp drop in crude oil prices and are now close to $73 per barrel. InvestingPro+ estimates another upside of 10% from the current levels based on the average of 12 Fundamental models and 21 Analyst Targets. Some of the positives highlighted by InvestingPro+ are:
- Consistently increasing earnings per share
- Net income is expected to grow this year
- Valuation implies a strong free cash flow yield
- Prominent player in the Passenger Airlines industry
- High return over the last decade
Some of the negatives are:
- RSI suggests the stock is in overbought territory
- Operates with a moderate level of debt
- Does not pay a dividend to shareholders
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