Share stock

IGL stock price: IGL stock price drops as Nifty weakens

The shares of Indraprastha Gas Ltd. slipped 1.09% to Rs 377.35 in Wednesday trading at 11:57 a.m. (IST). The stock reached a high of Rs 383.5 and a low of Rs 374.35 during the session.

The return on equity (ROE) for the stock was 18.51%. The volume traded over the counter stood at 11:57 a.m. and the turnover was Rs 1.87 crore at that time. The share of Indraprastha Gas Ltd. indicated a 52-week high price of Rs.604.0 and a 52-week low price of Rs.322.1, respectively.

The stock’s beta, which measures its volatility relative to the broader market, was 1.0.

Promoter/Fii Holding

Promoters held 45.0% of the company’s capital as of March 31, 2022, while foreign investors held 19.88% and domestic institutional investors 8.28%.

Key financial data

The company reported consolidated sales of Rs 2,245.83 crore for the quarter ended December 31, 2021, up 19.89% from Rs 1,873.24 crore in the previous quarter and up 52.56% from to Rs 1472.07 crore in the prior year quarter. Net profit after tax for the last quarter stood at Rs 374.76 crore, down 1.85% from the same quarter a year ago.


Techniques
The MACD signaled a bearish bias on the meter. The MACD is known to signal trend reversals in traded securities or indices.

It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is drawn above the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see downward movement and vice versa.