Shares of Indraprastha Gas NSE 1.98 % Ltd. rose 2.2 percent to Rs 415.65 at 10:46AM hours (IST) on Thursday. Earlier in the day, the stock saw a gap upstart to the session.


As per data available on BSE, total traded quantity on the counter stood at 63,293 shares with a turnover of Rs 2.61 crore till 10:46AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 27.94, while the price-to-book value ratio stood at 5.08.

Return on equity (ROE) was at 23.31 per cent, according to exchange data. The stock hit an intraday high of Rs 415.75 and a low of Rs 407.1 during the session and quoted a 52-week high price of Rs 534.4 and a 52-week low of Rs 284.55.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.0.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 429.71 on November 05, while the 50-DMA was at Rs 396.93. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 64.7. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Sep-2020, promoters held a 45.0 percent stake in the company, while FIIs held 21.27 percent and domestic institutional investors had 7.32 percent.