IGL rises 0.76% as Sensex slides

IGL rises 0.76% as Sensex slides
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Synopsis

The stock traded at a P/E multiple of 24.44, while the price-to-book value ratio stood at 5.64.

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MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
Shares of Indraprastha Gas Ltd. traded at Rs 494.3 on BSE at 12:39PM (IST) on Tuesday, up 0.76 per cent from previous close.

The scrip quoted a 52-week low price of Rs 415.7 and a high of Rs 604.0.

Earlier, shares of the company saw a gap up opening in the morning.

A total of 98,496 lakh shares changed hands on the counter till 12:39PM (IST).

The stock of Indraprastha Gas Ltd. commanded a market value of Rs 34590.54 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 24.44, while the price-to-book value ratio stood at 5.64. Return on equity (ROE) was at 18.51 per cent, according to exchange data.

In the BSE500 pack, 315 stocks traded in the green, while 185 stocks were in the red.

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

Promotor/FII Holding
Promoters held 45.0 per cent in Indraprastha Gas Ltd. as of 30-Sep-2021 while foreign and domestic institutional investors owned 21.88 per cent and 9.63 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 527.42 on November 09, while the 50-DMA was at 522.86. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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