Indraprastha Gas slips on profit booking

Meanwhile, the BSE Sensex was up 112.41 points, or 0.57%, to 19,930.04

On BSE, 45,166 shares were traded in the counter as against an average daily volume of 70,542 shares in the past one quarter.

The stock hit a high of Rs 263.45 and a low of Rs 258.30 so far during the day. The stock had hit a 52-week high of Rs 391.80 on 2 April 2012. The stock had hit a 52-week low of Rs 170 on 10 April 2012.

The stock had underperformed the market over the past one month till 16 January 2013, rising 2.23% compared with the Sensex's 2.59% rise. The scrip had also underperformed the market in past one quarter, gaining 2.49% as against Sensex's 6.67% surge.

The mid-cap company has an equity capital of Rs 140 crore. Face value per share is Rs 10.

Shares of Indraprastha Gas had gained 4.28% in three trading days to Rs 261.65 on 16 January 2013 from its recent low of Rs 250.90 on 11 January 2013.

Indraprastha Gas' net profit rose 28.5% to Rs 99.21 crore on 43.2% increase in net sales to Rs 854.64 crore in Q2 September 2012 over Q2 September 2011.

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

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