{"id":358258,"date":"2020-06-19T12:28:06","date_gmt":"2020-06-19T06:58:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=358258"},"modified":"2020-06-19T13:09:10","modified_gmt":"2020-06-19T07:39:10","slug":"igl-share-price-falls-despite-12-profit-jump-brokerages-divided-over-whether-to-sell-or-buy-stock","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/igl-share-price-falls-despite-12-profit-jump-brokerages-divided-over-whether-to-sell-or-buy-stock\/","title":{"rendered":"IGL share price falls despite 12% profit jump; brokerages divided over whether to sell or buy stock"},"content":{"rendered":"<p>Indraprastha Gas (IGL) posted a strong March quarter with 12% on-year jump in profits at Rs 2,534 crore driven by better EBITDA margins of 22% and a 17% fall in taxes. However, brokerage firms have a mixed reaction, some say it is time to sell the stock as IGL is expected to have been hit drastically by the lockdown and normalcy for the firm looks a distant dream that may be realised only in the financial year 2022, while other say IGL is a steady growth story with a robust volume growth outlook and high exposure to priority sectors. IGL\u2019s share price slipped 4.4% on Thursday morning as the stock tumbled down to trade at the price of Rs 453 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indraprastha Gas (IGL) posted a strong March quarter with 12% on-year jump in profits at Rs 2,534 crore driven by better EBITDA margins of 22% and a 17% fall in taxes. However, brokerage firms have a mixed reaction, some say it is time to sell the stock as IGL is expected to have been hit drastically by the lockdown and normalcy for the firm looks a distant dream that may be realised only in the financial year 2022, while other say IGL is a steady growth story with a robust volume growth outlook and high exposure to priority sectors. IGL\u2019s [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-358258","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=358258"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358258\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=358258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=358258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=358258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}