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IGL shares rose 1.01% sharply in Nifty

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Shares of Indraprastha Gas Ltd were trading 1.01 per cent higher at Rs 471.25 at around 02:04 pm (IST) on Friday, while the benchmark BSE Sensex It rose 548.32 points to 58342.64.

455,966 shares changed hands over the counter with a total value of Rs 21.3 crore.

The stock quoted a 52-week high of Rs 604.0 and a 52-week low of Rs 455.0.

On the technical chart, the stock’s 200-DMA was at Rs.519.7, while the 50-DMA was at Rs.488.65. If a stock trades above the 50 DMA and 200 DMA, it usually means that the immediate trend is up. On the other hand, if the stock trades below both the 50 DMA and 200 DMA, it is considered to be a bearish trend and if it trades between the 50DMA and 200DMA, it suggests that the stock could move anywhere. .

The company’s shares have gained 6.13 per cent in the last one year, while the Sensex has gained 28.08 per cent in the same period.

According to BSE Data, the stock trades at a price-to-earnings multiplier of 22.68 and a price-to-book ratio of 5.64. A high P/E ratio indicates that investors are willing to pay a higher price due to expectations of better growth in the future. Value to book value indicates the inherent value of a company and reflects the value that investors are willing to pay even if there is no growth in a business. The stock belongs to the gas distribution industry.

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