IGL stock price up 0.85 per cent as Sensex slides

IGL stock price up 0.85 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.

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MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
Shares of . rose 0.85 per cent to Rs 429.55 at 10:15AM hours (IST) on Wednesday. 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 11,867 shares with a turnover of Rs 0.51 crore till 10:15AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 17.61, 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 430.25 and a low of Rs 421.1 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 397.66 on September 14, while the 50-DMA was at Rs 389.33. 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 63.22. 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 foreign institutional investors held 20.34 per cent and domestic institutional investors had 16.79 per cent.
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