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    IGL share price up 1.9 per cent

    Synopsis

    A total of 55,717 shares changed hands on the counter till 11:02AM (IST).

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    Analysts said Nifty faced stiff resistance near 9,500 on Friday and remained mostly rangebound between 9,000 and 9,500 levels.

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    Shares of Indraprastha Gas Ltd. traded 1.9 per cent up at Rs 526.5 at around 11:02AM (IST) on Tuesday. The stock had closed at Rs 516.7 in the previous session. Equity benchmark Sensex traded 378.53 points lower at 49123.88 around the same time.


    The scrip has climbed 6.15 per cent in the last one year till date, while the 30-share index has gained 45.69 per cent during the same period.

    The stock's 52-week high price stood at Rs 594.85 and the 52-week low price at Rs 364.3.

    Trading volume on the counter stood at 55,717 shares, while it quoted a price-to-earnings ratio of 33.65, an EPS value of 15.55 and a price-to-book value of 5.08. In the Nifty50 pack, 18 stocks traded in the green, while 32 stocks were in the red.

    Promoter/FII Holding
    Promoters held 45.0 per cent stake in the company as of 31-Mar-2021, while foreign institutional investors and mutual funds' ownership stood at 23.8 per cent and 6.36 per cent, respectively.

    Key Financials
    For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 1472.07 crore, 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. The company reported net profit of Rs 381.83 crore for the latest quarter.

    Technical Indicators
    The MACD signalled a bullish 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.
    (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.)

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