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    IGL shares down 0.53% as Nifty gains

    Synopsis

    A total of 17,114 shares changed hands on the counter till 12:07PM (IST).

    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.
    NEW DELHI: Shares of Indraprastha Gas Ltd. traded 0.53 per cent down in Wednesday's trade at 12:07PM (IST). Around 17,114 shares changed hands on the counter.

    The counter opened at Rs 368.05 and touched an intraday high and low of Rs 370.8 and Rs 364.5, respectively, in the session so far. Shares of the company of Indraprastha Gas Ltd. quoted a 52-week high of Rs 523.85 and a 52-week low of Rs 322.1.

    Total market cap of the Indraprastha Gas Ltd. stood at Rs 25550.03 crore at the time of writing this report.

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

    The net profit for latest quarter stood at Rs 481.24 crore, up 73.14 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 30-Jun-2022, DIIs held 7.77 per cent stake in the firm, while foreign institutional investors held 20.34 per cent and the promoters 45.0 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 14.98 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 is the measure of the price that investors are ready to pay even for no growth in the business.

    Indraprastha Gas Ltd. belongs to the Gas Distribution industry.



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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
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