IGL Share Worth: IGL shares drop 1.48% as Sensex rises

Shares of . traded 1.48 per cent decrease in Friday’s session at 01:04PM (IST). The inventory opened at Rs 375.25 and has touched an intraday excessive and low of Rs 376.6 and Rs 368.7, respectively, throughout the session thus far.

The inventory quoted a 52-week excessive of Rs 604.0 and a 52-week low of 322.1. About 8,077 shares modified palms on the counter thus far.

Benchmark Nifty50 was up 80.1 factors at 16685.35, whereas the BSE Sensex traded 285.18 factors increased at 55967.13 on the time of writing of this report.

Within the Nifty pack, 28 shares traded the day within the inexperienced, whereas 22 had been within the purple.

Key Financials

For the quarter ended 31-Mar-2022, the corporate reported consolidated gross sales of Rs 2480.31 crore, up 10.44 per cent from the earlier quarter’s Rs 2245.83 crore and up 42.69 per cent from the year-ago quarter. The corporate reported web revenue of Rs 430.93 crore for the newest quarter.

Promoter Holdings

Promoters held 45.0 per cent stake within the firm as of 30-Jun-2022, whereas FIIs held 20.34 per cent and MFs 7.77 per cent.

Technicals

On the technical charts, the 200-Day Shifting Common (DMA) of the inventory stood at Rs 414.49 on July 22, whereas the 50-DMA was at Rs 364.7. If a inventory trades above 50-DMA and 200-DMA, it normally means the speedy pattern is upward. However, if the inventory trades nicely beneath 50-DMA and 200-DMA each, it’s thought of as bearish pattern and if trades between these averages, then it suggests the inventory can go both means.