IGL shares down 0.74% as Nifty gains

NEW DELHI: Shares of Indraprastha Gas Ltd. traded 0.74 per cent down in Wednesday's trade at 12:13PM (IST). Around 72,014 shares changed hands on the counter.

The stock opened at Rs 529.6 and touched an intraday high and low of Rs 530.5 and Rs 522.75, respectively, in the session so far. Shares of the company of Indraprastha Gas Ltd. quoted a 52-week high of Rs 604.0 and a 52-week low of Rs 364.3.

Total market cap of the Indraprastha Gas Ltd. stood at Rs 36634.54 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 1410.32 crore for the quarter ended 30-Jun-2021, down 18.87 per cent from previous quarter's Rs 1738.3 crore and down 110.75 per cent from the year-ago quarter's Rs 669.2 crore.

The net profit for latest quarter stood at Rs 277.95 crore, up 690.08 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2021, domestic institutional investors held 6.79 per cent stake in the firm, while foreign institutional investors held 23.87 per cent and the promoters 45.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 25.88 and a price-to-book ratio of 5.64. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Indraprastha Gas Ltd. belongs to the Gas Distribution industry.