IGL share price down 0.18 per cent

Shares of Indraprastha Gas Ltd. traded 0.18 per cent up at Rs 378.9 at around 12:44PM (IST) on Wednesday. The stock had closed at Rs 379.6 in the previous session. Equity benchmark Sensex traded 230.51 points higher at 59191.11 around the same time.


The scrip has declined 25.18 per cent in the last one year till date, while the 30-share index has slipped -3.45 per cent during the same period.

The stock's 52-week high price stood at Rs 518.5 and the 52-week low price at Rs 322.1.

Trading volume on the counter stood at 46,461 shares, while it quoted a price-to-earnings ratio of 15.52, an EPS value of 24.37 and a price-to-book value of 3.44. In the Nifty50 pack, 23 stocks traded in the green, while 27 stocks were in the red.

Promoter/FII Holding
Promoters held 45.0 per cent stake in the company as of 30-Jun-2022, while overseas investor and MF ownership stood at 20.34 per cent and 7.77 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 3224.59 crore, up 30.01 per cent from the previous quarter's Rs 2480.31 crore and up 128.64 per cent from the year-ago quarter's Rs 1410.32 crore. The company reported net profit of Rs 481.24 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.