Indraprastha Gas is currently trading at Rs. 339.90, up by 4.35 points or 1.30% from its previous closing of Rs. 335.55 on the BSE.
The scrip opened at Rs. 337.00 and has touched a high and low of Rs. 339.95 and Rs. 335.05 respectively. So far 8254 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 453.25 on 07-Sep-2011 and a 52 week low of Rs. 285.10 on 25-Feb-2011.
Last one week high and low of the scrip stood at Rs. 339.90 and Rs. 311.00 respectively. The current market cap of the company is Rs. 4697.71 crore.
The promoters holding in the company stood at 45.00% while Institutions and Non-Institutions held 43.64% and 11.36% respectively.
Indraprastha Gas (IGL) has has posted a 2.92% rise in net profit after tax of Rs 69.15 crore for the quarter ended December 31, 2011 as compared to Rs 67.19 crore for the same quarter in the previous year. Total income has increased by 45.19% from Rs 457.76 crore for Q3FY11 to Rs 664.61 crore in the quarter under review.
IGL, a joint venture of GAIL, Bharat Petroleum Corporation and Government of NCT of Delhi, is into the business of compressed natural gas and piped natural gas. The company sells about 3.44 mmscmd of gas, of which 2.7 mmscmd is the administered price gas, 0.7 mmscmd is imported gas from term commitments. To fill the gap the company sources spot market gas which is even more expensive.
