Indraprastha Gas Limited Shares Declined Almost 3%

Indraprastha Gas Limited Shares Declined Almost 3% On 24th September 2020:

To begin with, Indraprastha Gas Limited shares trade with a 2.83% loss in today’s Intraday trade. Also, until now, the company exchanged 42,392 shares on the counter.

Moreover, the company shares started at Rs. 395.90 per equity share on the National Stock Exchange. The stocks reached the Intraday high value of Rs. 403.60 per equity share. Similarly, the intraday low value of Rs. 389.70 per equity share.

According to the source, the company reached its 52-week highest value of Rs. 534.20. Also, it reached the 52-week lowest value of Rs. 284.05. As per the records, the market capitalization of the company stood at Rs. 1.67 Cr.

On 30th June 2020, Indraprastha Gas Ltd. announced its consolidated sales worth Rs. 638.57 Cr. Comparatively, the company sales declined by 58.87% from its last quarter sales of Rs. 1,552.53 Cr. Also, its sales declined by 59.48% and stood at Rs. 1,576.12 Cr. in the previous year same quarter.

Furthermore, the net profit of Rs. 35.18 Cr declined by 85.64% from the same quarter a year ago. By the ending of June 2020, the company promoters held 45.00% of its stake, FIIs held a 22.29% stake and DIIs held an 8.01% stake.

Presently, the bank shares quoted with a price-to-earnings ratio in multiples of 26.51. Similarly, the company’s price-to-book value ratio of 5.08.

Stock Market Update:

Stock Market September 24th: On Thursday, both Sensex and Nifty seem to trade in a bearish trend in the stock market. The Sensex stood traded loss with 36,553.60 levels and Nifty stood traded loss with 10,805.55 levels. The Sensex declined 1,114.82 points with a 2.96% loss. Besides, Nifty has declined 326.30 points with a 2.93% loss.

On the other hand, the number of confirmed or coronavirus cases in India reached 57,32,518 as of September 24th, and deaths reached 91,173.

In the border market, the S&P BSE Midcap index reported a bullish trend in the stock market today. It raised 304.71 points with a 2.14% gain and reached a 13,933.21 level. The S&P BSE Smallcap index declined 331.25 points with a 2.28% loss and reached a 14,168.28 level. However, the Nifty Bank declined 721.65 points with a 3.41% loss and reached a 20,456.85 level.