Market

IGL shares drop 0.53% as Sensex falls

Shares of Indraprastha Gas Ltd. traded 0.53 per cent lower in Monday’s session at 12:54PM (IST). The stock opened at Rs 550.0 and has touched an intraday high and low of Rs 555.7 and Rs 548.45, respectively, during the session so far.

The stock quoted a 52-week high of Rs 594.85 and a 52-week low of 364.3. About 146,315 shares changed hands on the counter so far.

Benchmark Nifty50 was down 158.05 points at 15765.35, while the BSE Sensex traded 567.64 points lower at 52572.42 at the time of writing of this report.

In the Nifty pack, 13 stocks traded the day in the green, while 37 were in the red.

Key Financials

For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 1738.3 crore, up 18.09 per cent from the previous quarter’s Rs 1472.07 crore and up 9.76 per cent from the year-ago quarter. The company reported net profit of Rs 375.1 crore for the latest quarter.

Promoter Holdings

Promoters held 45.0 per cent stake in the company as of 31-Mar-2021, while FIIs held 23.8 per cent and MFs 6.36 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 498.55 on July 19, while the 50-DMA was at Rs 534.45. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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