Key Events This Week
Feb 9: Stock opens at Rs.177.45, modest gain of 0.88%
Feb 12: Hits 52-week low of Rs.169.9 amid continued underperformance
Feb 13: Declines further to fresh 52-week low of Rs.162.95, closing at Rs.166.50
Monday, 9 February 2026: Modest Start Amid Broader Market Gains
Indraprastha Gas Ltd began the week on a positive note, closing at Rs.177.45, up 0.88% from the previous Friday’s close of Rs.175.90. This modest gain came alongside a strong Sensex performance, which rose 1.04% to 37,113.23 points. The stock’s volume was relatively low at 52,019 shares, indicating cautious investor participation. Despite the broader market optimism, the stock’s gains were limited, foreshadowing the challenges ahead.
Tuesday, 10 February 2026: Slight Decline on Increased Volume
The stock slipped marginally by 0.08% to Rs.177.30 on Tuesday, with volume rising to 85,166 shares. The Sensex continued its upward trajectory, gaining 0.25% to 37,207.34 points. The minor decline in Indraprastha Gas’s price contrasted with the broader market’s positive momentum, signalling early signs of relative weakness. No major news events were reported on this day, suggesting profit-taking or consolidation.
Wednesday, 11 February 2026: Continued Weakness Despite Sensex Gains
On Wednesday, the stock fell further by 0.62% to Rs.176.20, with volume increasing to 94,220 shares. The Sensex edged higher by 0.13% to 37,256.72 points. The stock’s underperformance relative to the benchmark index became more pronounced as it began a three-day losing streak. This decline occurred without any specific news but reflected growing investor caution amid a lack of positive catalysts.
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Thursday, 12 February 2026: Stock Hits 52-Week Low Amid Underperformance
Indraprastha Gas Ltd’s share price plunged 3.77% to close at Rs.169.55, marking a fresh 52-week low intraday of Rs.169.9. This sharp decline came on heavy volume of 234,880 shares, signalling strong selling pressure. The stock underperformed its sector by 2.33% and the Sensex, which fell 0.56% to 37,049.40 points. The drop followed the release of subdued financial results showing a 10.7% decline in Profit Before Tax (excluding other income) to Rs.392.73 crores and a 7.2% fall in Profit After Tax to Rs.386.29 crores compared to the previous four-quarter average. These results, combined with the stock trading below all key moving averages, intensified bearish sentiment.
Friday, 13 February 2026: Further Decline to New 52-Week Low on Margin Pressures
The downward trend continued on Friday as the stock dropped 1.80% to close at Rs.166.50, with an intraday low of Rs.162.95, setting another 52-week low. Volume surged to 469,511 shares, reflecting heightened investor concern. The Sensex declined 1.40% to 36,532.48 points, but Indraprastha Gas’s 1.80% loss represented a sharper fall. The company reported persistent margin pressures in its Q3 FY26 results despite volume growth, further dampening investor confidence. The stock’s technical position remained weak, trading below all major moving averages and continuing its four-day losing streak with a cumulative loss of 7.47%. MarketsMOJO’s downgrade to a ‘Sell’ rating with a Mojo Score of 44.0 underscored the cautious outlook.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.177.45 | +0.88% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.177.30 | -0.08% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.176.20 | -0.62% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.169.55 | -3.77% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.166.50 | -1.80% | 36,532.48 | -1.40% |
Key Takeaways from the Week
1. Sustained Downtrend and Technical Weakness: The stock’s decline to fresh 52-week lows on 12 and 13 February, coupled with trading below all major moving averages, signals persistent bearish momentum. The four-day losing streak resulted in a cumulative loss of 7.47%, far exceeding the Sensex’s 0.54% weekly decline.
2. Financial Performance Pressures: The company’s Q3 FY26 results revealed margin pressures despite volume growth, with Profit Before Tax and Profit After Tax declining by 10.7% and 7.2% respectively compared to the previous four-quarter average. The Return on Capital Employed (ROCE) remains subdued at 17.88%, while profits have fallen 13.5% over the past year.
3. Downgrade and Market Sentiment: MarketsMOJO downgraded Indraprastha Gas Ltd to a ‘Sell’ rating with a Mojo Score of 44.0 on 7 January 2026, reflecting concerns about the company’s growth prospects and financial health. Institutional holdings remain significant at 46.17%, but the stock’s underperformance relative to the Sensex and sector peers continues to weigh on sentiment.
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Conclusion
Indraprastha Gas Ltd’s performance this week highlights the challenges facing the company amid a difficult market environment. The stock’s sharp decline to new 52-week lows, combined with disappointing financial results and a downgrade to a ‘Sell’ rating, underscores the cautious outlook. While the company maintains a strong balance sheet with zero debt and a robust Return on Equity of 19.16%, these strengths have not been sufficient to offset margin pressures and declining profitability. The stock’s underperformance relative to the Sensex and sector peers suggests continued headwinds in the near term, with technical indicators pointing to sustained selling pressure.
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