IGL shares up 3.75% as Nifty gains
Shares of Indraprastha Gas Ltd NSE 4.34 %. gained 3.75 per cent to Rs 423.3 in Friday’s trade. It hit a high of Rs 425.4 and low of Rs 408.75 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 404.57, while the 50-DMA was at Rs 361.94. 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.
