IGL Stock Price: IGL stock price up 1.43 per cent as Sensex climbs

Shares of Indraprastha Gas Ltd. rose 1.43 per cent to Rs 533.4 at 10:12AM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 76,506 shares with a turnover of Rs 4.08 crore till 10:12AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 33.9, while the price-to-book value ratio stood at 5.08.

Return on equity (ROE) was at 23.31 per cent, according to exchange data. The stock hit an intraday high of Rs 536.5 and a low of Rs 529.9 during the session and quoted a 52-week high price of Rs 594.85 and a 52-week low of Rs 364.3.

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 457.28 on April 09, while the 50-DMA was at Rs 524.19. 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 57.83. 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 31-Dec-2020, promoters held 45.0 per cent stake in the company, while foreign institutional investors held 23.22 per cent and domestic institutional investors had 16.07 per cent.

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