NSE: IGL · 2 November 2026
- Indraprastha Gas Ltd. (IGL) shares declined by 4.50% today, closing at ₹132.92 after trading within a daily range of ₹125.63 and ₹133.94. The stock opened at ₹129.70, falling from its previous close of ₹139.19.
- Indraprastha Gas Limited reported its financial results for the quarter and half year ended September 30, 2026. Standalone revenue from operations rose to ₹5,613.62 crore compared to ₹4,445.89 crore in the corresponding quarter of the previous year. However, profit for the period dropped sharply to ₹24.38 crore, down from ₹372.51 crore a year ago, driven by higher gas purchase costs.
- Trading volume was 5.69 times the 20-day average daily volume.
Why is Indraprastha Gas share price falling on 2 November 2026?
Indraprastha Gas Ltd. (IGL) shares declined by 4.50% today, closing at ₹132.92 after trading within a daily range of ₹125.63 and ₹133.94. The stock opened at ₹129.70, falling from its previous close of ₹139.19.
While the broader Nifty benchmark advanced by 1.68%, IGL continued to face persistent downward momentum, extending its losses to a 5-day return of -6.11% and a 20-day return of -6.91%. The stock's current price of ₹132.92 is near its 52-week low of ₹125.63, reflecting continued pressure compared to the broader market trend.
The recent price action coincides with ongoing investor digestion of the company's financial performance from the second quarter ended September 30, 2026, where standalone net profit dropped to ₹24.38 crore due to elevated gas purchase costs. Although not a same-day news catalyst, the sustained profit contraction and broader cost pressures provide ongoing fundamental context for the stock's recent weakness.
85.80 lakh shares traded by 2 November 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 15.07 lakh shares (5.69 times). The five-day average daily volume was 10.80 lakh shares. Separately, the NSE report for 2 November 2026 showed 22.51 lakh shares delivered, representing 26.24% of that day’s traded volume. The same report recorded 101,336 trades.
The stock declined 4.50% on heavy volume (over 5x its 20-day average) amid ongoing market caution following weak Q2 profitability reported on October 30, 2026. While no single new catalyst emerged today, the price action reflects sustained downward pressure near 52-week lows.
Latest Company Developments
Indraprastha Gas Limited reported its financial results for the quarter and half year ended September 30, 2026. Standalone revenue from operations rose to ₹5,613.62 crore compared to ₹4,445.89 crore in the corresponding quarter of the previous year. However, profit for the period dropped sharply to ₹24.38 crore, down from ₹372.51 crore a year ago, driven by higher gas purchase costs.
The sharp contraction in net profit highlights margin compression from rising gas acquisition costs, heavily influencing investor sentiment.
Indraprastha Gas Limited announced an agreement to supply piped natural gas (PNG) to 22 Northern Railway establishments across the Delhi-NCR region. This expansion broadens the company's commercial customer base into key institutional segments.
Expands non-automotive volume off-take and reinforces IGL's institutional footprint across its operating geography.
The company submitted the scrutinizer's report and voting results for its 27th Annual General Meeting held on September 24, 2026. Shareholders approved all proposed resolutions, including the adoption of audited financial statements and the declaration of a final dividend of ₹1.50 per equity share for the financial year ended March 31, 2026.
Confirms corporate governance approvals and finalizes shareholder dividend distributions for the fiscal year.
Indraprastha Gas tanks 10%, hits 52-week low on disappointing Q2 results Business Standard
Indraprastha Gas Limited has submitted to the Exchange, the unaudited financial results for the quarter and half year ended September 30, 2026.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 16.94% on 30 September 2026. This compares with 16.33% on 30 June 2026, a change of +0.61 percentage points.
The filing reported 23 MF/UTI holders.
Research & Brokerage Views
Upgraded to Buy with a target price of ₹195, reflecting long-term growth potential in city gas distribution.
What to Watch Next
- Management commentary on gas cost trends and margin recovery strategies
- Volume and delivery participation trends relative to the 20-day average volume
- Subsequent quarterly operational performance and volume off-take in PNG and CNG segments
- Resolution or updates regarding pending regulatory matters such as the DDA license fee dispute
More Indraprastha Gas news and dated analysis →
Frequently Asked Questions
What is the latest Indraprastha Gas company news?
Indraprastha Gas Limited reported its financial results for the quarter and half year ended September 30, 2026. Standalone revenue from operations rose to ₹5,613.62 crore compared to ₹4,445.89 crore in the corresponding quarter of the previous year. However, profit for the period dropped sharply to ₹24.38 crore, down from ₹372.51 crore a year ago, driven by higher gas purchase costs.
How strong was Indraprastha Gas’s trading volume?
85.80 lakh shares traded, 5.69 times the 20-day average daily volume. The price and volume data are dated 2 November 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.