IGL shares up 0.23% as Nifty drops
Shares of Indraprastha Gas Ltd. gained 0.23 per cent to Rs 374.55 in Thursday’s trade. It hit a high of Rs 379.7 and low of Rs 374.1 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 487.88, while the 50-DMA was at Rs 390.73. 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.
