Indraprastha Gas jumps post CNG price cut in Delhi

Indraprastha Gas is the sole supplier of CNG and PNG in Delhi, Noida, Greater Noida and Ghaziabad.

Image
SI Reporter Mumbai
Last Updated : Feb 03 2014 | 2:39 PM IST
Indraprastha Gas jumped 7.51 percent to Rs 266 on BSE on reports the price of compressed natural gas (CNG) was cut by Rs 15 per kg and the price of piped natural gas was cut by Rs 5 per kg in Delhi.

The stock hit a high of Rs 269.50 and a low of Rs 244.20 during the day. The stock hit its 52-week high levels of Rs 328.50 on 9 May 2013.

On BSE, 2.74 lakh shares exchanged hands, compared with an average volume of 35,314 shares in the past one quarter.
 

Also Read

The stock underperformed the market in past one quarter, plummeting 11.24 percent as against Sensex's 3.07 percent drop.
 
Oil minister M Veerappa Moily announced on Monday that CNG price will be cut by Rs 15 per kg in Delhi. The price of piped natural gas (PNG) was also cut by Rs. 5, he announced.
 
Indraprastha Gas' net profit declined 6.5 percent to Rs 92.75 crore on 18.1 percent growth in net sales to Rs 1009.02 crore in the second quarter of the current financial year as compared to the same period last year. The company will announce its Q3 earnings results on 10 February.
 
Indraprastha Gas is the sole supplier of CNG and PNG in Delhi, Noida, Greater Noida and Ghaziabad.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 03 2014 | 2:06 PM IST

Next Story