InterGlobe shares reached a low of 52 weeks; Axis Bank, SBI, HDFC Fall 2%



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On the Senbad Senbad Senbad, Axis Bank shares traded at Rs 558.95 down Rs 9.55 or 1.7 percent.

InterGlobe Aviation's share price, which owns the IndiGo airline, reached a 52-week low on Tuesday after the company reported its revenue for the April-April period. June. At 12:25, InterGlobe Aviation shares traded at Rs 922.60, down 9% from the previous day's close on the NSE stock exchange. IndiGo stock prices reached an intraday trough of 890.55 rupees. Shares had closed at Rs 1,005 on Monday. At BSE, shares of InterGlobe Aviation yielded 9%, or Rs 83, to Rs 921.

InterGlobe Aviation posted Monday after-sales a 97% decline in its net profit for the first quarter fuel costs and foreign exchange losses. The company recorded a net profit of Rs. 27.7 crores for the quarter, against Rs. 811 crore for the corresponding period a year ago.

Axis Bank shares also fell nearly 2 percent, a day after the private sector lender posted a lower-than-expected quarterly profit decline. On the BSE, Axis Bank shares traded at 558.95 rupees in the afternoon, down 9.55 or 1.7% from the previous close, and were among the biggest losers in the 30-stock index. The title had finished at Rs 568 on the day before

Shares of State Bank of India (SBI), the country's largest lender, fell by nearly 2 percent to Rs 291.80 on the ESN

. In the aftermath, HDFC's shares fell nearly 3 percent in intraday trading, a day after the company announced its June quarter results. In the afternoon, HDFC shares traded 2.5% to Rs 1,978.25 on BSE.

Meanwhile, HDFC Bank had launched Monday equity sales in India and the United States to raise 15,500 crores, as part of a precedent. announced its intention to raise more than $ 2 billion. The bank has set a floor price of Rs. $ 2,179.13 ($ 31.75) per share for the sale of Canadian stocks as well as the offer of American Depositary Shares, according to a deposit regulatory.

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