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    IGL shares drop 1.66% as Sensex rises

    Synopsis

    The stock quoted a 52-week high of Rs 594.85 and a 52-week low of Rs 364.3.

    Reuters
    Stocks in focus: RIL, Tata Motors, Infosys, IIFL Securities, Apollo Hospitals, Punjab National Bank, NBCC and more..
    Shares of Indraprastha Gas Ltd. traded 1.66 per cent lower in Wednesday's session at 01:21PM (IST). The stock opened at Rs 560.9 and has touched an intraday high and low of Rs 560.9 and Rs 546.6, respectively, during the session so far.

    The stock quoted a 52-week high of Rs 594.85 and a 52-week low of 364.3. About 53,681 shares changed hands on the counter so far.

    Benchmark Nifty50 was up 111.65 points at 16242.40, while the BSE Sensex traded 482.75 points higher at 54306.11 at the time of writing of this report.

    Did you Know?

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

    View Latest Stock Report »

    In the Nifty pack, 18 stocks traded the day in the green, while 32 were in the red.


    Key Financials
    For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 1738.3 crore, up 18.09 per cent from the previous quarter's Rs 1472.07 crore and up 9.76 per cent from the year-ago quarter. The company reported net profit of Rs 375.1 crore for the latest quarter.

    Promoter Holdings
    Promoters held 45.0 per cent stake in the company as of 30-Jun-2021, while FIIs held 23.87 per cent and MFs 6.79 per cent.

    Technicals
    On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 507.53 on August 04, while the 50-DMA was at Rs 542.23. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.
    (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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