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    Share price of IGL jumps as Sensex gains 174.2 points

    Synopsis

    Promoters held 45.0 per cent stake in the company as of 31-Mar-2021, while FII and DII ownership stood at 23.8 per cent and 6.36 per cent, respectively.

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    The share price of Indraprastha Gas Ltd. gained 0.17 per cent to Rs 509.6 at 12:25PM (IST) in Thursday's trade. The scrip has hit a high of Rs 513.0 and low of Rs 508.0 so far during the session. The stock had closed at Rs 508.75 in the previous session.

    The counter has had a total traded volume of 24731 shares so far with a value of Rs 1.26 crore on the NSE. It traded at a price-to-earnings multiple of 32.8 and a price-to-book ratio of 5.08.

    A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

    The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

    The scrip gained 9.04 per cent during the past one year, while the 30-share index advanced 44.88 per cent during the same period.

    Indraprastha Gas Ltd. belongs to the Gas Distribution industry.

    Promotor/FII Holding
    Promoters held 45.0 per cent stake in the company as of 31-Mar-2021, while FIIs and domestic institutional investors ownership stood at 23.8 per cent and 6.36 per cent, respectively.

    Key Financials
    The company reported consolidated net sales of Rs 1472.07 crore for the quarter ended 31-Dec-2020, up 0.07 per cent from the previous quarter's Rs 1471.05 crore and up 13.5 per cent from the year-ago quarter's Rs 1701.73 crore.

    Profit for the latest quarter stood at Rs 381.83 crore, up 28.4 per cent from the same quarter a year ago.
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