Indraprastha Gas gains on reporting 8% rise in Q4 net profit

Indraprastha Gas is currently trading at Rs. 318.00, up by 4.40 points or 1.40% from its previous closing of Rs. 313.60 on the BSE. The scrip opened at Rs. 310.40 and has touched a high and low of Rs. 320.25 and Rs. 310.40 respectively. So far 5320 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 344.50 on 21-May-2014 and a 52 week low of Rs. 236.00 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 340.00 and Rs. 310.00 respectively. The current market cap of the company is Rs. 4477.91 crore. The promoters holding in the company stood at 45.00% while Institutions and Non-Institutions held 38.64% and 16.36% respectively. The company has posted a rise of 8.33% in its net profit at Rs 90.49 crore for the quarter ended March 31, 2014 as compared to Rs 83.53 crore for the same quarter in the previous year. Total income of the company has increased by 10.04% at Rs 974.47 crore for quarter under review as compared to Rs 885.54 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a rise of 1.73% in its net profit at Rs 360.26 crore as compared to Rs 354.13 crore for the same period in the previous year. Total income of company has surged by 16.66% at Rs 3943.24 crore for year under review as compared to Rs 3379.89 crore for the year ended March 31, 2013.