IGL Share Price: IGL shares gain 0.3% as Sensex rises
The stock quoted a 52-week high of Rs 604.0 and a 52-week low of 322.1. About 10,704 shares changed hands on the counter so far.
Benchmark Nifty50 was up 114.35 points at 16284.50, while the BSE Sensex traded 397.66 points higher at 54650.19 at the time of writing of this report.
In the Nifty pack, 35 stocks traded the day in the green, while 15 were in the red.
For the quarter ended 31-Mar-2022, the company reported consolidated sales of Rs 2480.31 crore, up 10.44 per cent from the previous quarter’s Rs 2245.83 crore and up 42.69 per cent from the year-ago quarter. The company reported net profit of Rs 430.93 crore for the latest quarter.
Promoters held 45.0 per cent stake in the company as of 31-Mar-2022, while FIIs held 19.88 per cent and MFs 8.28 per cent.
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 450.45 on May 27, while the 50-DMA was at Rs 372.97. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.