Share price of Indraprastha Gas Ltd. gained 0.2 per cent to Rs 509.3 at 10:57AM (IST) in Wednesday’s trade. The scrip hit a high of Rs 514.75 and low of Rs 507.3 so far during the session. The stock had closed at Rs 508.3 in the previous session.
The counter had a total traded volume of 10:57AM shares so far with a turnover of Rs 0.97 crore on BSE. The stock traded at a price-to-earnings multiple of 32.85 and a price-to-book ratio of 5.08.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
