Share price of IGL jumps as Sensex drops 304.28 points

Share price of IGL jumps as Sensex drops 304.28 points
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Synopsis

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

Analysts see 15,900 to continue to pose as the immediate resistance.
The share price of . gained 1.95 per cent to Rs 438.3 at 01:30PM (IST) in Thursday's trade. The counter has hit a high of Rs 446.3 and low of Rs 424.6 so far during the session. The stock had closed at Rs 429.9 in the previous session.

The counter has had a total traded volume of 192227 shares so far with a value of Rs 8.42 crore on the NSE. It traded at a price-to-earnings multiple of 18.02 and a price-to-book ratio of 3.44.

A higher P/E ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 25.19 per cent during the past one year, while the 30-share index advanced 3.22 per cent during the same period.

Indraprastha Gas Ltd. belongs to the Gas Distribution industry.

Promotor/FII Holding
Promoters held 45.0 per cent stake in the company as of 30-Jun-2022, while foreign investors and domestic institutional investors ownership stood at 20.34 per cent and 7.77 per cent, respectively.

Key Financials
The company reported consolidated net 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.

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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