Premium
This is an archive article published on January 10, 2012

Indraprastha Gas shares fall on valuations

At 12:15 pm shares of IGL were down 1.1% at 377.70 rupees in a market which was up 1.82%.

google-preferred-btn

Shares of Indraprastha Gas (IGL) fell as much as 1.8 per cent mainly on the back of expensive valuations,said two institutional sales persons as the prices could no longer be justified to investors.

City gas distribution companies in India are trading at very expensive valuation even after factoring in sustainable earnings trajectory over next few years,said a fund manager,who oversees over 4 billion rupees in Indian equities.

At 12:15 pm,shares of IGL were down 1.1 per cent at 377.70 rupees in a market which was up 1.82 per cent.

IGL is trading at 13.4 times of FY13 expected earnings.

Company INFO

More on Indraprastha Gas Ltd

Stocks

More on Indraprastha Gas Ltd

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
West Champaran, Nov 11 (ANI): Women voters wait in a queue to cast their vote for the second phase of the Bihar assembly election, in West Champaran on Tuesday. (@CEOBiharX/ANI Photo)
Women shatter voting records in Bihar, turnout 8.8% more, exceed men in absolute numbers too
bihar assembly elections exit polls
Axis My India predicts 121-141 seats for NDA, Today's Chanakya gives it around 160
dharmendra
Dharmendra Health Update Today: Dharmendra discharged from hospital, family statement says 'actor to continue recovery at home'
Priyanka Chopra
EntertainmentPriyanka Chopra turns fierce saree-clad sharpshooter Mandakini in Globetrotter; SS Rajamouli says, ‘Welcome back, Desi Girl’
Australian man lists 5 things he can’t do in front of his Indian girlfriend
TrendingAustralian man lists ‘top 5 things he can’t do’ in front of his Indian girlfriend, wins hearts on the Internet: ‘Bhai ki fielding set hai’
IIT alumni Giga toxic workplace
Trending‘7 days per week, 12 hours work’: IIT alumni-led AI startup Giga faces controversy as employee quits in a day, cites toxic workplace
Team India's Washington Sundar at the nets on Wednesday ahead of the first Test against South Africa at Kolkata's Eden Gardens. (Express Photo by Partha Paul)
SportsIndia vs South Africa, 1st Test: Why Washington Sundar will be key on Eden Gardens pitch
Sri Lanka's Mahesh Theekshana, third left, celebrates with teammates after the dismissal of Pakistan's Hussain Talat during the first one day international cricket match between Pakistan and Sri Lanka, in Rawalpindi, Pakistan, Tuesday, Nov. 11, 2025. (AP Photo)
SportsSri Lanka Cricket Board instructs scared cricketers to not abandon Pakistan series after Islamabad bombing
Vande Mataram, Amar Sonar Bangla share one imagination
Opinion'Vande Mataram' and 'Amar sonar Bangla' share similar imagination of 'mother'. They don't deserve different treatment
US in fight against climate change, UNFCCC, US out of Paris Agreement, Paris Agreement, conference of the parties (COP), UN Framework Convention on Climate Change (UNFCCC), cop30, Climate change, climate change summit, Climate change talks, Indian express news, current affairs
ExplainedUS in fight against climate change: Never a leader, but still significant
gut-brain axis
Lifestyle‘Scrolling on your phone before bed can’: AIIMS trained gastroenterologist warns how bedtime habits disrupt the gut-brain axis; expert verifies
AI's rendering of the elusive Planet Nine, a distant, icy world orbiting far beyond Neptune, illuminated by the faint light of the distant Sun and set against the star-filled backdrop of the outer solar system. (Image: DALLE)
TechnologyIs there a Planet Nine beyond Neptune? Mapping the solar system’s hidden worlds
Advertisement
Must Read
SportsIndia vs South Africa, 1st Test: Why Washington Sundar will be key on Eden Gardens pitch
Team India's Washington Sundar at the nets on Wednesday ahead of the first Test against South Africa at Kolkata's Eden Gardens. (Express Photo by Partha Paul)
SportsSri Lanka Cricket Board instructs scared cricketers to not abandon Pakistan series after Islamabad bombing
Sri Lanka's Mahesh Theekshana, third left, celebrates with teammates after the dismissal of Pakistan's Hussain Talat during the first one day international cricket match between Pakistan and Sri Lanka, in Rawalpindi, Pakistan, Tuesday, Nov. 11, 2025. (AP Photo)
SportsTriple ton in 3 hours, now eight 6s: Does Ranji Trophy need a rethink?
In the Ranji Trophy game against Arunachal Pradesh, Meghalaya's Akash Kumar Choudhary hit eight sixes in a row to script history. (PHOTO: Akash Kumar Choudhary)
TechnologyIs there a Planet Nine beyond Neptune? Mapping the solar system’s hidden worlds
AI's rendering of the elusive Planet Nine, a distant, icy world orbiting far beyond Neptune, illuminated by the faint light of the distant Sun and set against the star-filled backdrop of the outer solar system. (Image: DALLE)
TechnologyQuick Heal Tech rolls out upgraded antivirus with AI assistant, dark web monitoring
Saunik said the system for preventing and solving the cases of cyber crimes in Maharashtra was being strengthened, adding that a cybersecurity centre was being erected at Mahapay.
Technology‘Need to be self-sufficient in AI’: Mustafa Suleyman on Microsoft’s superintelligence quest
Mustafa Suleyman
Lifestyle‘Scrolling on your phone before bed can’: AIIMS trained gastroenterologist warns how bedtime habits disrupt the gut-brain axis; expert verifies
gut-brain axis
Advertisement
Buzzing Now
TrendingAustralian man lists ‘top 5 things he can’t do’ in front of his Indian girlfriend, wins hearts on the Internet: ‘Bhai ki fielding set hai’
Australian man lists 5 things he can’t do in front of his Indian girlfriend
Trending‘7 days per week, 12 hours work’: IIT alumni-led AI startup Giga faces controversy as employee quits in a day, cites toxic workplace
IIT alumni Giga toxic workplace
TrendingIndian wealth management coach reveals billionaire mindset, reveals problems of being rich: 'Pressure due to social media'
Karan Bhagat lists the problems of children born rich
TrendingElon Musk’s chat with Grok AI about Lord Ganesha wins over Indians online: ‘Wisdom meets technology’
Elon Musk Lord Ganesha Grok AI
Trending‘Dead body was lying in his bedroom’: Indian man shows ‘sad reality’ of life in US after his elderly neighbour dies with no family members in sight
Highlighting the stark cultural differences between the US and India, Sindhu opened up about the one thing he dislikes about the States
Nov 12: Latest News
Advertisement