IGL stock price up 0.44 per cent as Sensex slides

IGL stock price up 0.44 per cent as Sensex slides
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Synopsis

As of 30-Jun-2022, promoters held 45.0 per cent stake in the company, while FIIs held 20.34 per cent and domestic institutional investors had 7.77 per cent.

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
Shares of . rose 0.44 per cent to Rs 421.1 at 10:46AM hours (IST) on Thursday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 34,217 shares with a turnover of Rs 1.43 crore till 10:46AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 17.21, while the price-to-book value ratio stood at 3.44.

Return on equity (ROE) was at 19.8 per cent, according to exchange data. The stock hit an intraday high of Rs 424.45 and a low of Rs 415.05 during the session and quoted a 52-week high price of Rs 604.0 and a 52-week low of Rs 322.1.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 401.03 on September 01, while the 50-DMA was at Rs 378.81. If a stock trades above 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 a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 62.75. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2022, promoters held 45.0 per cent stake in the company, while FIIs held 20.34 per cent and domestic institutional investors had 16.79 per cent.
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