Share price of IGL falls as Nifty weakens

Share price of IGL falls as Nifty weakens
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Synopsis

A total of 38,361 shares changed hands on the counter till 11:11AM (IST).

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Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
Shares of Indraprastha Gas Ltd. slipped 0.73 per cent to Rs 371.45 in Tuesday's trade as of 11:11AM (IST).

The stock hit a high price of Rs 377.4 and low of Rs 368.45 during the session.

The return on equity (ROE) for the stock stood at 18.51 per cent. Traded volume on the counter stood at 11:11AM shares and turnover at Rs 1.43 crore around that time.

The stock of Indraprastha Gas Ltd. quoted a 52-week high and 52-week low prices of Rs 604.0 and Rs 322.1, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.0.

Promotor/FII Holding
Promoters held 45.0 per cent stake in the company as of 31-Dec-2021, while foreign investors held 20.23 per cent and domestic institutional investors had 16.67 per cent.

Key Financials
The company reported consolidated sales of Rs 2245.83 crore for the quarter ended 31-Dec-2021, up 19.89 per cent from previous quarter's Rs 1873.24 crore and up 52.56 per cent from the year-ago quarter's Rs 1472.07 crore.

Net profit after tax for the latest quarter stood at Rs 374.76 crore, down 1.85 per cent from the same quarter a year ago.

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