The stock has gained 4.89% in two sessions from its recent closing low of Rs 369.05 recorded on 27 May 2022.

In the past one year, the stock has declined by 27.13% while the benchmark Sensex has gained 7.46% during the same period.

The stock was trading above its 50-day and 100-day simple moving average (SMA) placed at 372.82 and 386.26, respectively. It is, however, trading below its 200-day SMA placed at 448.95.

On the technical front, the stock's RSI (relative strength index) stood at 58.556. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

In a regulatory filing made during market hours today, Indraprastha Gas said that the board of directors has appointed/re-designated Sanjay Kumar, head (finance) as the chief financial officer (CFO) of the company w.e.f. 1 June 2022. Bimal Ram Nagar shall cease to be the CFO of the company w.e.f. 1 June 2022.

Indraprastha Gas is a natural gas distribution company. It supplies natural gas as cooking and vehicular fuel. As on 31 March 2022, Life Insurance Corporation of India (LIC) held 7.46% stake in the company.

On a standalone basis, IGL's net profit rose 9.24% to Rs 361.60 crore on a 54.9% surge in net sales to Rs 2,649.77 crore in Q4 FY22 over Q4 FY21.