Indraprastha Gas rose 1.36% to Rs 708.65 at 14:20 IST on BSE after net profit rose 44.38% to Rs 148.01 crore on 0.03% rise in total income to Rs 907.69 crore in Q1 June 2016 over Q1 June 2015.
The result was announced during market hours today, 22 August 2016.Meanwhile, the BSE Sensex was down 59.27 points, or 0.21%, to 28,017.73.
More than usual volumes exchanged hands at the counter. On BSE, so far 1.11 lakh shares were traded in the counter, compared with an average volume of 56,884 shares in the past one quarter. The stock hit a high of Rs 714.90 so far during the day, which is also a record high for the stock. The stock hit a low of Rs 693.30 so far during the day. The stock hit a 52-week low of Rs 433.40 on 25 August 2015. The stock had outperformed the market over the past one month till 19 August 2016, rising 15.18% compared with 1.04% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 21.59% as against the Sensex's 10.54% rise.
The mid-cap company has an equity capital of Rs 140 crore. Face value per share is Rs 10.
Indraprastha Gas retails CNG to automobiles and piped cooking gas to households in Delhi and adjoining cities of Ghaziabad, Noida and Greater Noida.
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