IGL share fell 20 percent. Buyers can comfortably take a target of up to Rs 400. ICICI Direct and Motilal gave indications.

If you are interested in the stock market, you probably Indraprastha Gas Limited (IGL) Must have paid attention to the ups and downs of the stock. On 18 November 2024, IGL's share price fell to ₹326.75, which was the lowest in a day. 19.98% decline Is. Let us understand in simple language what is happening with IGL and whether you should buy, sell, or hold it.

Status of IGL shares today

Today IGL shares opened at ₹370.00, but fell to ₹326.75 at the end of the day. it Big fall compared to previous day's ₹405.80 Is.

• highest price of the day: ₹373.10
• lowest price of the day: ₹326.75
• trading volume:about 7.02 million shares
• market capitalization: ₹25,578 crore

IGL financial report

• EPS (Earnings Per Share): ₹22.96
• P/E ratio: 15.91 (General Assessment)
• P/B ratio: 2.73
• cash position: ₹2,149 crore (no debt)
• sales growth: -0.94% (decline)
• profit growth: 20.97% (good sign)

Latest Updates With IGL That Are Impacting Shares

• cut in gas allocation: The government has reduced the APM (Administered Price Mechanism) gas allocation by 20%, which is the second time since last month. This is leading to IGL facing reduction in gas allocation by up to 21%, which could have a negative impact on the company's future profitability.

• quarterly results:
  In the recently announced results, profit growth was good, but decline in sales Has worried investors.
• market performance:
  IGL's performance may have been volatile, but it remains a strong player in India's natural gas sector.

Advantages and disadvantages of investing in IGL

advantages:
✅ increase in profits: indicating efficiency in management and operations.
✅ A debt free company:Financial stability is maintained.
✅ Strong market presence:Consumer confidence and stable revenues.

damage:
❌ share price decline: Decrease in confidence in the market.
❌ Decline in sales growth: Decrease in gas demand or regulatory pressure.
❌ High P/E Ratio: May seem a bit expensive in comparison.

What to do with IGL shares?

• Indiahood's suggestion:
  existing investors hold onand new investors should buy around ₹340, as there are chances of profits in the long run.
• Opinion of other experts:
  • ICICI Direct: Buy advice with a target of ₹400.
  • Motilal Oswal: Hold advice giving a target of ₹360.
  • Economic Times: A great stock for the future given strong fundamentals and expansion plans.