Flat business in InterGlobe Aviation and SBI after an initial rally, shares rose 2 percent in the morning

On the last day of the trading week, the shares of Interglobe Aviation and SBI are seeing good growth. Shares of both companies rose up to 2 percent in the early trading session today.
However, till the time of writing this news, both the shares are currently trading flat. Till the time of writing the news, InterGlobe Aviation is trading at Rs 2,269, up 0.22 percent, and SBI at Rs 574, up 0.08 percent, on the NSE.
InterGlobe Aviation, the parent company of Indigo Airlines, which is known as the cheapest airline in the country, released the results of Q4 of FY23 only yesterday.
The company said that it has earned a net profit of Rs 919.2 crore. Comparing the same quarter last year, the company said that in March 2022, the company had a loss of Rs 1,681 crore.
On the other hand, talking about the total income of the company, the total income of the company in the last quarter was Rs 14,600.1 crore, which is 78 percent more than the Rs 8,207.5 crore in the same quarter last year.
IndiGo said that it will add 5,000 people to its workforce and add 45 to 50 aircraft in this financial year to reduce and settle supply-chain issues.
The country's largest bank SBI released its Q4 results for FY23 only yesterday. The company had informed in a regulatory filing that SBI reported an 83 percent increase in its net profit in the March quarter. SBI earned a net profit of Rs 16,694.51 crore, a jump of 83 percent.
However, after the results were released yesterday, SBI shares were down by 2 percent. Releasing the results yesterday, the bank also informed that bad loans of the bank halved to Rs 3,315.71 crore in the March quarter from Rs 7,237.45 crore in the year-ago period.