Share price of IGL jumps as Sensex gains 10.0 points

The share price of Indraprastha Gas Ltd. gained 1.85 per cent to Rs 470.9 at 11:18AM (IST) in Friday's trade. The scrip has hit a high of Rs 472.55 and low of Rs 455.0 so far during the session. The stock had closed at Rs 462.35 in the previous session.

The counter has had a total traded volume of 42989 shares so far with a value of Rs 1.99 crore on the NSE. It traded at a price-to-earnings multiple of 23.36 and a price-to-book ratio of 5.64.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 15.85 per cent during the past one year, while the 30-share index advanced 47.76 per cent during the same period.

Indraprastha Gas Ltd. belongs to the Gas Distribution industry.

Promotor/FII Holding
Promoters held 45.0 per cent stake in the company as of 30-Sep-2021, while FIIs and domestic institutional investors ownership stood at 21.88 per cent and 9.63 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 1410.32 crore for the quarter ended 30-Jun-2021, down 18.87 per cent from the previous quarter's Rs 1738.3 crore and down 110.75 per cent from the year-ago quarter's Rs 669.2 crore.

Profit for the latest quarter stood at Rs 277.95 crore, up 690.08 per cent from the same quarter a year ago.