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    IGL shares rise 0.69% as Nifty gains

    Synopsis

    The stock quoted a 52-week high price of Rs 514.8 and a 52-week low of Rs 322.1.

    Brokers trade at computer terminals at stock brokerage firm in MumbaiReuters
    Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
    Shares of Indraprastha Gas Ltd. traded 0.69 per cent up at Rs 381.75 on Friday at around 12:12PM (IST), while the benchmark BSE Sensex advanced 339.14 points to 59542.04.

    As many as 25,357 shares changed hands on the counter with a total value of Rs 0.97 crore.

    The stock quoted a 52-week high price of Rs 514.8 and a 52-week low of Rs 322.1.

    On the technical charts, the 200-DMA of the stock stood at Rs 385.37, while 50-DMA was at Rs 407.28. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

    Shares of the company have advanced 22.31 per cent in the past one year, while Sensex has 3.5 per cent during the same period.

    According to BSE data, the stock trades at a price-to-earnings multiple of 15.67 and a price-to-book ratio of 3.44. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Gas Distribution industry.



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    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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