Indraprastha Gas Stock Sees -14.39% Decline, But Remains Attractive with High Dividend Yield

Indraprastha Gas, a leading player in the gas transmission and marketing industry, has seen a decline in its stock price by -14.39% on November 18, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The stock has been underperforming the sector by -12.05% and has been on a downward trend for the last 5 days, with a fall of -20.67% during this period. Today, the stock opened with a loss of -9.99% and touched an intraday low of Rs 345.55, which is -14.88% lower than the previous day's closing price.

Indraprastha Gas has been highly volatile today, with an intraday volatility of 7.64%, calculated from the weighted average price. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

The gas transmission and marketing sector has also seen a decline of -4.34%, indicating a general trend in the industry. However, Indraprastha Gas offers a high dividend yield of 3.57% at the current price, making it an attractive option for investors looking for steady returns.

In comparison to the overall market performance, Indraprastha Gas has underperformed with a -14.99% decline in the last 1 day and a -23.77% decline in the last 1 month, while the Sensex has only seen a -0.35% and -4.82% decline, respectively.

Overall, Indraprastha Gas has seen a decline in its stock price, but with its strong presence in the gas transmission and marketing industry and a high dividend yield, it remains a promising option for investors.