IGL shares rise 0.15 per cent in Wednesday's trading session

IGL shares rise 0.15 per cent in Wednesday's trading session
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Synopsis

The Relative Strength Index of the stock stood at 64.37 on Wednesday.

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Shares of Indraprastha Gas Ltd. rose 0.15 per cent to Rs 563.5 in Wednesday's trade as of 12:08PM (IST) even as the benchmark Nifty ruled at 15828.35, up 10.1 points.

The scrip had closed at Rs 562.65 in the previous session. The stock quoted a 52-week low of Rs 364.3 and a high of Rs 594.85. The company quoted a market-cap of Rs 39501.05 crore on the BSE.

On BSE, 24,937 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 33.69 times its trailing 12-month EPS of Rs 16.75 per share and 5.08 times its book value. The return on equity (ROE) stood at Rs 18.51.

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
For the quarter ended 31-Mar-2021, Indraprastha Gas Ltd. reported consolidated sales of Rs 1738.3 crore, up 9.76 per cent from the same quarter a year ago. The company reported 29.01 per cent YoY growth in net profit at Rs 375.1 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.

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