Market

IGL Share Price: Share price of IGL falls as Nifty strengthens


Shares of Indraprastha Gas Ltd. slipped 0.35 per cent to Rs 483.25 in Tuesday’s trade as of 01:24PM (IST). The stock hit a high price of Rs 488.5 and low of Rs 481.8 during the session.

The return on equity (ROE) for the stock stood at 18.51 per cent. Traded volume on the counter stood at 01:24PM shares and turnover at Rs 21.01 crore around that time. The stock of Indraprastha Gas Ltd. quoted a 52-week high price of Rs 604.0 and 52-week low prices of Rs 455.0, respectively.

The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.0.




Promotor/FII Holding

Promoters held 45.0 per cent stake in the company as of 30-Sep-2021, while foreign investors held 21.88 per cent and domestic institutional investors had 9.63 per cent.

Key Financials

The company reported consolidated sales of Rs 1873.24 crore for the quarter ended 30-Sep-2021, up 32.82 per cent from previous quarter’s Rs 1410.32 crore and up 27.34 per cent from the year-ago quarter’s Rs 1471.05 crore. Net profit after tax for the latest quarter stood at Rs 418.63 crore, up 10.04 per cent from the same quarter a year ago.


Technicals
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 topof 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.



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