IGL shares up 3.62% as Nifty gains

IGL shares up 3.62% as Nifty gains
ETMarkets.com
Rate Story
Share
Font Size
Save
Comment
Synopsis

A total of 423,290 shares changed hands on the counter till 10:05AM (IST).

Shutterstock.com
Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
NEW DELHI: Shares of . traded 3.62 per cent up in Monday's trade at 10:05AM (IST). Around 423,290 shares changed hands on the counter.

The counter opened at Rs 350.0 and touched an intraday high and low of Rs 359.15 and Rs 347.35, respectively, in the session so far. The stock of Indraprastha Gas Ltd. quoted a 52-week high of Rs 604.0 and a 52-week low of Rs 322.1.

Total market cap of the Indraprastha Gas Ltd. stood at Rs 25011.03 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 2480.31 crore for the quarter ended 31-Mar-2022, up 10.44 per cent from previous quarter's Rs 2245.83 crore and up 42.69 per cent from the year-ago quarter's Rs 1738.3 crore.

The net profit for latest quarter stood at Rs 430.93 crore, up 14.88 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2022, DIIs held 7.77 per cent stake in the company, while foreign institutional investors held 20.34 per cent and the promoters 45.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 16.65 and a price-to-book ratio of 3.44. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Indraprastha Gas Ltd. belongs to the Gas Distribution industry.
Experience Your Economic Times Newspaper, The Digital Way!

Read More News on

(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.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more
Pick the best stocks for yourself
Powered by
Read before you invest. Insights on Indraprastha Gas Ltd.. Explore Now