IGL shares fall 1.31% as Nifty drops
Shares of Indraprastha Gas Ltd. slipped 1.31 per cent to Rs 508.2 in Tuesday’s trade. It hit a high of Rs 517.75 and low of Rs 507.2 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 530.89, while the 50-DMA was at Rs 539.65. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
