30 Nov , 2021 By : monika singh
Dharmesh Shah of ICICI Direct has a sell call on Indraprastha Gas Ltd. with a target price of Rs 457. The current price of Indraprastha Gas Ltd. is Rs 488.05. Dharmesh Shah recommends to keep a stoploss at Rs 497.
Indraprastha Gas Ltd., incorporated in the year 1998, is a Large-Cap company (with a market cap of Rs 34202.04 Crore) operating in Gas&Petroleum sector.Indraprastha Gas Ltd. key Products/Revenue Segments include Gas Natural and Other Operating Revenue for the year ending 31-Mar-2021.
Investment Rationale
Breakdown below the bearish flag pattern and is facing stiff resistance at the 50-day EMA
Financials
For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 1873.24 Crore, up 32.82 per cent from last quarter Total Income of Rs 1410.32 Crore and up 27.34 per cent from last year same quarter Total Income of Rs 1471.05 Crore. Company has reported net profit after tax of Rs 365.14 Crore in latest quarter..
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