New Delhi: Indraprastha Gas Limited's stock is seen trading with a gain of 4 percent in Thursday's trading session. Due to this gain, Indraprastha Gas Limited's stock has touched the level of Rs 374 today. Last Wednesday, the stock closed at the level of Rs 360.

Why the surge in the stock?

Actually, Indraprastha Gas Limited Company is considering giving bonus shares to its investors. After which a bullish trend is being seen in the stock from today.

Decision on bonus shares in board meeting

Let us tell you that the board meeting of Indraprastha Gas Limited Company is going to be held on December 10, 2024. In this board meeting, a proposal for bonus shares will be presented in front of the board members of the company. If the board members of the company give their consent for issuing bonus shares, then the investors of the company will receive bonus shares.

Bonus ratio and record date?

Information about the ratio of bonuses to be given for Indraprastha Gas Limited shares has not yet come out. It is believed that in the upcoming board meeting, complete information about the bonus ratio, record date,e, and when the bonus shares will be issued will be given.

The company has a large customer base in Delhi NCR

Indraprastha Gas Limited Company has been present in the market since 1998. It is primarily involved in the business of distribution of natural gas. The company does most of its business in Delhi NCR areas. Indraprastha Gas Limited Company operates a ddatajoint venture with GAIL, Bharat Petroleum, and the Delhi Government.

Average target price of ₹446

According to trade line data, the average target price of Indraprastha GasLimited'sd share is Rs 446, which shows an upside potential of 24% from the current market price of the share. Let us tell you that 42 analysts have given a hold recommendation on this stock.

Share Performance

Talking about the performance of Indraprastha Gas Limited shares, this stock has fallen below 14 percent in the year 2024 and has given a return of 18 percent in the last 2 years.

The total market capitalization of the company is Rs 25221. The 52-week high level of Indraprastha Gas share is Rs 570 while the 52-week low level is Rs 306.