Share price of IGL falls as Sensex gains 384.72 points

Share price of IGL falls as Sensex gains 384.72 points
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Synopsis

Promoters held 45.0 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 21.88 per cent and 9.63 per cent, respectively.

Analysts see 15,900 to continue to pose as the immediate resistance.
The share price of Indraprastha Gas Ltd. dropped 0.9 per cent to Rs 470.3 at 12:17PM (IST) in Tuesday's trade. The scrip has hit a high of Rs 477.7 and low of Rs 468.45 so far during the session. The stock had closed at Rs 474.55 in the previous session.

The counter has had a total traded volume of 20610 shares so far with a value of Rs 0.98 crore on the NSE. It traded at a price-to-earnings multiple of 22.65 and a price-to-book ratio of 5.64.

A higher price-to-earnings 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 declined 7.16 per cent during the past one year, while the 30-share index advanced 30.73 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 overseas investors and domestic institutional investors ownership stood at 21.88 per cent and 9.63 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 1873.24 crore for the quarter ended 30-Sep-2021, up 32.82 per cent from the previous quarter's Rs 1410.32 crore and up 27.34 per cent from the year-ago quarter's Rs 1471.05 crore.

Profit for the latest quarter stood at Rs 418.63 crore, up 10.04 per cent from the same quarter a year ago.

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