IGL shares up 0.32% as Nifty gains

IGL shares up 0.32% as Nifty gains
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Synopsis

A total of 305,320 shares changed hands on the counter till 11:01AM (IST).

NEW DELHI: Shares of Indraprastha Gas Ltd. traded 0.32 per cent up in Friday's trade at 11:01AM (IST). Around 305,320 shares changed hands on the counter.

The scrip opened at Rs 516.6 and touched an intraday high and low of Rs 521.55 and Rs 515.6, respectively, in the session so far. Shares of the company of Indraprastha Gas Ltd. quoted a 52-week high of Rs 594.85 and a 52-week low of Rs 364.3.

As per BSE, the total market cap of the Indraprastha Gas Ltd. stood at Rs 36417.54 crore at the time of writing this report.

Did you Know?

Stock score of Indraprastha Gas Ltd moved up by 1 in a week on a 10-point scale.

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

The net profit for latest quarter stood at Rs 381.83 crore, up 28.4 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2021, domestic institutional investors held 6.36 per cent stake in the firm, while foreign institutional investors held 23.8 per cent and the promoters 45.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 33.47 and a price-to-book ratio of 5.08. 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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