Indraprastha Gas Ltd.

Indraprastha Gas Ltd. June 30th Shares Hiked 0.74%

Indraprastha Gas Ltd. June 30th Shares Hiked 0.74%, After Q4 Result:

To begin with, Indraprastha Gas Ltd. shares traded with a 0.74% gain in today’s Intraday trade. Also, till now nearly 44,032 shares exchanged hands on the counter.

Moreover, the company shares started at Rs. 448.35 per equity share on the National Stock Exchange. The stocks reached the Intraday high value of Rs. 451.40 per eq share. Similarly, the Intraday low value of Rs. 445.50 per share.

According to the source, the company reached its 52-week highest value of Rs. 534.40. Also, it reached the 52-week lowest value of Rs. 284.55. As per the records, the total market capitalization stood at Rs. 31,377.54 cr.

On 31st March 2020, the company announced its consolidated sales worth Rs. 1,552.53 cr. Comparatively, the company sales declined by 6.71% from its last quarter sales of Rs. 1,664.17 cr. Also, its sales declined by 0.64% from last year’s sales of Rs. 1,542.64 cr.

Furthermore, the net profit of Rs. 290.76 Cr declined by 27.48% from the same quarter a year ago. By the ending in March 2020, the company promoters held 7.52% of its stake, FIIs held a 22.77% stake and DIIs held a 45.00% stake.

Presently, the Indraprastha shares quoted with a price-to-earnings ratio in multiples of 25.12. Similarly, the company’s price-to-book value ratio of 5.86.

Stock Market Update: 

Stock Market June 30th: On Tuesday, both Sensex and Nifty seem to trade in a bullish trend in the stock market. The Sensex stood trading up with 35,088.59 levels and Nifty stood trading up with 10,348.35 levels. The Sensex raised 127.07 points with a 0.36% gain. Besides, Nifty has raised 35.95 points with a 0.35% gain.

On the other hand, the number of confirmed coronavirus cases in India reached 5,67,536 as of June 30th, and deaths reached 16,904.

In the border market, the S&P BSE Midcap index reported a bullish trend in the stock market today. It raised 57.59 points with a 0.44% gain and reached a 13,131.31 level. The S&P BSE Smallcap index declined 15.04 points with a 0.12% loss and reached a 12,459.40 level. However, the Nifty Bank raised 101.05 points with a 0.47% gain and reached a 21,460.05  level.

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