IGL share price: IGL shares fall 1.23% as Sensex falls

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The shares of Indraprastha Gas Ltd. traded 1.23% at Rs 571.9 at 12:55 p.m. (IST) on Friday, even as the Sensex BSE benchmark lost 145.72 points to 52,423.22.

The script had closed at Rs 579.05 in the previous session. The stock listed a 52-week high price of Rs 594.85 and a 52-week low price of Rs 364.3, respectively. According to BSE data, the total volume traded over the counter until 12:55 p.m. (IST) stood at 63,098 shares with a turnover of Rs 3.63 crore.

At the current price, the company’s shares were trading at 34.08 times its last 12-month earnings per share of Rs 16.75 per share and 5.08 times its book value, according to ESB data. .

A higher price-to-earnings ratio shows that investors are prepared to pay a higher share price today due to growth expectations going forward.

Book value indicates the intrinsic value of a business and reflects the price investors are willing to pay even if the business does not grow. The stock’s beta value, which measures its volatility relative to the broader market, was 1.0.

Shareholder details

Promoters held 45.0% of the company’s capital as of March 31, 2021, while FIIs held 23.8% and DIIs 6.36 percent.

Techniques

On technical charts, the stock’s Relative Strength Index (RSI) stood at 64.59. The RSI hovers between zero and 100. Traditionally it is considered an overbought condition when the value of the RSI is above 70 and an oversold condition when it is below 30. Chartists say that the RSI should not be. considered in isolation because it may not be enough to take a trading call, just as fundamental analysts cannot give a buy or sell recommendation using a single valuation ratio.


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