Indraprastha Gas is currently trading at Rs 421.35, up by 3.40 points or 0.81% from its previous closing of Rs 417.95 on the BSE.
The scrip opened at Rs 425.00 and has touched a high and low of Rs 426.25 and Rs 419.10 respectively. So far 13215 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 427.80 on 03-Aug-2011 and a 52 week low of Rs 285.10 on 25-Feb-2011.
Last one week high and low of the scrip stood at Rs 426.35 and Rs 400.05 respectively. The current market cap of the company is Rs 5851.31 crore.
The promoters holding in the company stood at 45.00% while Institutions and Non-Institutions held 40.40% and 14.60% respectively.
Indraprastha Gas, the sole supplier of CNG to automobiles and piped cooking gas to households in the NCR, marginally increases the price of Compressed Natural Gas (CNG) at Rs 0.20 per kg. The new consumer price of CNG is Rs 30.00 per kg in Delhi and Rs 33.60 per kg in Noida, Greater Noida and Ghaziabad, effective August 15.
The revision in the price of CNG taken place due to the increase in operational expenses, primarily because of the recent increase in minimum wages announced by the government. This increase will have negligible impact on the per kilometre running cost of vehicles and despite the aforesaid prices increase, CNG will still offer over a 66% saving on the running cost when compared to petrol-driven vehicles at the current level of prices. When compared to diesel-driven vehicles, the economics are also in favour of CNG, as the differential at the revised price would be over 27%.
| Company Name | CMP |
|---|---|
| Gujarat Gas | 462.00 |
| Indraprastha Gas | 312.15 |
| Mahanagar Gas | 1157.05 |
| Adani Total Gas | 609.45 |
| Guj. State Petronet | 331.80 |
| View more.. | |
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