Indraprastha Gas hits 6-month high ahead of December quarter earnings

The stock was up 3% to Rs 301, outperforming the market by surging 16% in past three months, as compared to a 2% gain in S&P BSE Sensex.

Shares of Indraprastha Gas (IGL) were up 3 per cent to Rs 301 apiece on BSE in the early morning trade on the expectation of healthy performance during the quarter. The state-owned company is scheduled to announce its October-December 2018 quarter (Q3FY19) results on Wednesday, February 6, 2019.

IGL was trading at its highest level since August 10, 2018. The stock is 6 per cent away from its 52-week high level of Rs 320 touched on August 2, 2018.

Analysts at Prabhudas Lilladher expect IGL margins to be maintained led by price hikes in the quarter. The volume momentum