Shares of IGL fall as Nifty drops

Shares of IGL fall as Nifty drops
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Synopsis

On the technical charts, the 200-day moving average of the stock stood at Rs 480.6.

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Except in the case of cholera outbreak in November 2010 and pneumonic plague in September 1994, Indian market have bounced back strongly.
Shares of Indraprastha Gas Ltd. slipped 0.64 per cent to Rs 533.1 in Monday's trade as of 11:55AM (IST). It hit a high of Rs 538.8 and low of Rs 527.0 during the session.

The stock quoted a 52-week high price of Rs 594.85 and a low of Rs 364.3. The return on equity for the stock stood at 23.31 per cent. About 72,345 shares have changed hands on the counter so far.

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

Did you Know?

Stock score of Indraprastha Gas Ltd moved up by 1 in a week.

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The scrip has been an underperformer, up 10.51 per cent in the past one year in comparison with a 54.65 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 364.3 on June 14, while the 50-DMA was at Rs 516.36. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 45.0 per cent stake in Indraprastha Gas Ltd. as of 31-Mar-2021. Mutual funds and foreign institutional investors held 6.36 per cent and 23.8 per cent stake.

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