IGL shares down 0.02% as Nifty gains

IGL shares down 0.02% as Nifty gains
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Synopsis

The stock quoted a 52-week high price of Rs 604.0 and low of Rs 322.1.

Reuters
On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
Shares of . rose 0.02 per cent to Rs 418.0 in Monday's trade. It hit an intraday high of Rs 421.35 and low of Rs 415.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 604.0 and low of Rs 322.1.

As of 12:38PM (IST), the counter saw total traded volume of 26,831 shares with a traded value of Rs 1.12 crore, according to NSE.

The stock had closed at Rs 418.1 in the previous session.

The scrip has advanced 18.31 per cent in the past one month till date, while the benchmark BSE Sensex has gained 2.94 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 17.14 while price-to-book ratio stood at 3.44. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Gas Distribution industry.

Promoter/FII Holding
Promoters held 45.0 per cent stake in the company as of 30-Jun-2022, while FII and MF ownership in the firm stood at 20.34 per cent and 7.77 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 3224.59 crore for the quarter ended 30-Jun-2022, up 30.01 per cent from the previous quarter's Rs 2480.31 crore and up 128.64 per cent from the year-ago quarter's Rs 1410.32 crore. Its net profit for the latest quarter stood at Rs 481.24 crore, up 73.14 per cent from the same quarter a year ago.
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