Sell Inter Globe Aviation Limited and Buy Marico Limited

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Sell Inter Globe Aviation Limited:

Inter Globe Aviation Limited

Inter Globe Aviation Ltd has officially announced a consolidated sales of Rs. 4,909.98 Cr for the third quarter finished on 31-12-2020, which is 79.13% up from its previous quarter sales of Rs. 2,740.96 Cr and 50.56% up from its previous year same quarter sales of Rs. 9,931 Cr. The company has reported a net profit after tax of Rs. 620.14 Cr in the previous quarter.

Outlook:

Inter Globe Aviation Ltd: Experts suggested sell call at current market price: Rs. 1,562.65 with a target price: Rs. 1,600; Stoploss: Rs. 1,400.

Buy Marico Limited:

marico

Marico Ltd has officially announced a consolidated sales of Rs. 2,122.00 Cr for the third quarter finished on 31-12-2020, which is 6.69% up from its previous quarter sales of Rs. 1,989.00 Cr and 16.34% up from its previous year same quarter sales of Rs. 1,824.00 Cr. The company has reported a net profit after tax of Rs. 312.00 Cr in the previous quarter.

Outlook:

Marico Ltd: Experts suggested buy call at current market price: Rs. 419.20 with a target price: Rs. 450; Stoploss: Rs. 410.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

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