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Indraprastha Gas Ltd is up for a fifth straight session today. The stock is quoting at Rs 215.65, up 0.39% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.52% on the day, quoting at 25198.35. The Sensex is at 82238.08, up 0.55%. Indraprastha Gas Ltd has gained around 5.2% in last one month.
Meanwhile, Nifty Energy index of which Indraprastha Gas Ltd is a constituent, has gained around 2.68% in last one month and is currently quoting at 35129, up 0.79% on the day. The volume in the stock stood at 5.16 lakh shares today, compared to the daily average of 20.75 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 216.24, up 0.38% on the day. Indraprastha Gas Ltd is down 21.31% in last one year as compared to a 0.87% slide in NIFTY and a 16.98% slide in the Nifty Energy index.
The PE of the stock is 21.14 based on TTM earnings ending June 25.
GAIL (India) Ltd rose 2.04% today to trade at Rs 177.5. The BSE Oil & Gas index is up 0.66% to quote at 26105.93. The index is down 0.9 % over last one month. Among the other constituents of the index, Indraprastha Gas Ltd increased 1.82% and Oil India Ltd added 1.16% on the day. The BSE Oil & Gas index went down 14.01 % over last one year compared to the 0.15% fall in benchmark SENSEX.
GAIL (India) Ltd has added 1.81% over last one month compared to 0.9% fall in BSE Oil & Gas index and 1.45% rise in the SENSEX. On the BSE, 1.4 lakh shares were traded in the counter so far compared with average daily volumes of 4.58 lakh shares in the past one month. The stock hit a record high of Rs 245.1 on 30 Sep 2024. The stock hit a 52-week low of Rs 150.6 on 04 Mar 2025.
The joint venture (JV) between the two will have equity participation in the ratio of 74:26, meaning IGL will hold a 74% stake in the JV, while RVUNL will have a 26% shareholding, the firm added.
The JV’s board of directors will comprise six directors, including four nominated by IGL and two by RVUNL.
Furthermore, it will have an initial paid-up capital of Rs 5 lakh, divided into 50,000 equity shares of Rs 10 each, the release added.
IGL’s board of directors had initially approved the formation of the JV in March.
As part of the agreement, IGL will have the right to nominate four directors to the board of the newly formed joint venture, while RVUNL will be entitled to nominate two directors. This board composition reflects the equity and governance structure agreed upon by both parties.
The company has clarified that the transaction does not fall under the category of related party transactions, and there is no conflict of interest or connection with the promoter/promoter group or group companies. Accordingly, the agreement has been executed at arm's length.
Indraprastha Gas is engaged in the marketing and distribution of compressed natural gas (CNG) and piped natural gas (PNG) within the national capital territory (NCT) of Delhi.
The company has reported 11% fall in consolidated net profit to Rs 355.94 crore despite a 11% increase in total net revenue from operations to Rs 3,913.85 crore in Q1 FY26 as compared with Q1 FY25.
Indraprastha Gas Ltd gained for a third straight session today. The stock is quoting at Rs 217.6, up 3.16% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.48% on the day, quoting at 24743.45. The Sensex is at 80701.78, up 0.42%. Indraprastha Gas Ltd has gained around 5.53% in last one month.
Meanwhile, Nifty Energy index of which Indraprastha Gas Ltd is a constituent, has gained around 0.68% in last one month and is currently quoting at 34155.3, up 1.55% on the day. The volume in the stock stood at 25.66 lakh shares today, compared to the daily average of 19.65 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 217.46, up 3.2% on the day. Indraprastha Gas Ltd is down 21.65% in last one year as compared to a 2.12% slide in NIFTY and a 20.23% slide in the Nifty Energy index.
The PE of the stock is 20.76 based on TTM earnings ending June 25.