The key equity benchmarks continued to trade with minor losses in the mid-afternoon trade. The Nifty slipped below the 24,550 mark after hitting the day's high of 24,677.80 in morning trade. Media shares extended losses for the third consecutive trading session. At 14:26 IST, the barometer index, the S&P BSE Sensex, was down 280.64 points or 0.34% to 81,227.82. The Nifty 50 index lost 89.45 points or 0.36% to 24,529.55. In the broader market, the S&P BSE Mid-Cap index fell 0.01% and the S&P BSE Small-Cap index rose 0.04%. The market breadth was negative. On the BSE, 1,844 shares rose and 2,081 shares fell. A total of 134 shares were unchanged. Buzzing Index: The Nifty Media index fell 0.69% to 2,021.15. The index slipped 3.01% in three consecutive trading sessions. Tips Music (down 3.13%), Nazara Technologies (down 2.32%), Zee Entertainment Enterprises (down 1.45%), Hathway Cable & Datacom (down 1.15%), Saregama India (down 0.86%), Network 18 Media & Investments (down 0.77%), Sun TV Network (down 0.64%) declined. On the other hand, Dish TV India (up 2.22%), Den Networks (up 0.42%) and PVR Inox (up 0.33%) edged higher. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 1.47% to 6.816 as compared with the previous close of 6.826. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 84.8550, compared with its close of 84.8600 during the previous trading session. MCX Gold futures for the 5 December 2024 settlement rose 0.04% to Rs 76,514. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.11% to 106.26. The United States 10-year bond yield rose 0.33% to 4.214. In the commodities market, Brent crude for the November 2024 settlement lost 18 cents or 0.25% to $71.96 a barrel. Stocks in Spotlight: Indraprastha Gas (IGL) rose 0.64%. The company informed that its board approved the issuance of 1 bonus equity share for every 1 existing equity share held (1:1) to the eligible shareholders. Pennar Industries advanced 1.42% after the company's board will meet on 12 December 2024 to consider entering into a joint venture to expand the business. Bajaj Finserv added 1.14% after its subsidiary, Bajaj Allianz General Insurance Company, recorded a gross direct premium underwritten for November 2024 of Rs 1,364.67 crore, an increase of 11.95% year on year (YoY).Powered by Capital Market - Live

The Board of Indraprastha Gas at its meeting held on 10 December 2024 has approved increase in authorised share capital from Rs 220 crore to Rs 1,000 crore. The Board also approved issue of bonus shares in ratio of 1:1. Powered by Capital Market - Live

The bonus share issue proposal is subject to the approval of shareholders of Indraprastha Gas. The company will inform the record date for determining eligible shareholders entitled for issuance of bonus shares in due course. The pre-bonus paid-up equity share capital as of date is Rs 140 crore, consisting of 70 crore equity shares of Rs 2 each. The company would appropriate a sum of Rs 140 crore from the general reserve or retained earnings for issuance of bonus shares. The company has a total balance of 8,411.74 crore as free reserves for capitalization as of March 31, 2024. Accordingly, the post-bonus paid-up equity share capital is expected to be around Rs 280 crore, consisting of 140 crore equity shares of Rs 2 each. The bonus shares would be credited within 2 months from the date of board approval, i.e., on or before 9 February 2025. Indraprastha Gas is a natural gas distribution company. It supplies natural gas as cooking and vehicular fuel. The company's consolidated net profit declined 17.69% to Rs 454.88 crore in Q2 FY25 as compared with Rs 552.67 crore in Q2 FY24. However, revenue from operations (excl. excise duty) rose 6.91% YoY to Rs 3,697.6 crore in Q2 FY25. The scrip rose 0.35% to Rs 386.95 on the BSE. Powered by Capital Market - Live

The bonus issue proposal is subject to the shareholders' approval. Indraprastha Gas is a natural gas distribution company. It supplies natural gas as cooking and vehicular fuel. The company's consolidated net profit declined 17.69% to Rs 454.88 crore in Q2 FY25 as compared with Rs 552.67 crore in Q2 FY24. However, revenue from operations (excl. excise duty) rose 6.91% YoY to Rs 3,697.6 crore in Q2 FY25. Powered by Capital Market - Live

Indraprastha Gas will hold a meeting of the Board of Directors of the Company on 10 December 2024Powered by Capital Market - Live

Mahanagar Gas Ltd, Newgen Software Technologies Ltd, Tega Industries Ltd and Sanghvi Movers Ltd are among the other losers in the BSE's 'A' group today, 18 November 2024.Indraprastha Gas Ltd crashed 19.92% to Rs 325.1 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 26.69 lakh shares were traded on the counter so far as against the average daily volumes of 1.25 lakh shares in the past one month.Mahanagar Gas Ltd lost 14.98% to Rs 1114.9. The stock was the second biggest loser in 'A' group.On the BSE, 1.62 lakh shares were traded on the counter so far as against the average daily volumes of 20953 shares in the past one month.Newgen Software Technologies Ltd tumbled 14.60% to Rs 1053.65. The stock was the third biggest loser in 'A' group.On the BSE, 53815 shares were traded on the counter so far as against the average daily volumes of 19302 shares in the past one month.Tega Industries Ltd plummeted 10.89% to Rs 1718.9. The stock was the fourth biggest loser in 'A' group.On the BSE, 12673 shares were traded on the counter so far as against the average daily volumes of 4759 shares in the past one month.Sanghvi Movers Ltd corrected 10.70% to Rs 320.5. The stock was the fifth biggest loser in 'A' group.On the BSE, 70099 shares were traded on the counter so far as against the average daily volumes of 35516 shares in the past one month.Powered by Capital Market - Live

Avanti Feeds Ltd, Mahanagar Gas Ltd, Muthoot Finance Ltd, Newgen Software Technologies Ltd are among the other stocks to see a surge in volumes on NSE today, 18 November 2024.Indraprastha Gas Ltd witnessed volume of 419.33 lakh shares by 14:14 IST on NSE, a 14.32 times surge over two-week average daily volume of 29.28 lakh shares. The stock dropped 18.88% to Rs.329.20. Volumes stood at 27.38 lakh shares in the last session.Avanti Feeds Ltd recorded volume of 37.74 lakh shares by 14:14 IST on NSE, a 13.76 times surge over two-week average daily volume of 2.74 lakh shares. The stock gained 3.35% to Rs.600.85. Volumes stood at 3.21 lakh shares in the last session.Mahanagar Gas Ltd recorded volume of 40.16 lakh shares by 14:14 IST on NSE, a 9.02 times surge over two-week average daily volume of 4.45 lakh shares. The stock lost 13.76% to Rs.1,132.00. Volumes stood at 3.84 lakh shares in the last session.Muthoot Finance Ltd witnessed volume of 29.25 lakh shares by 14:14 IST on NSE, a 8.29 times surge over two-week average daily volume of 3.53 lakh shares. The stock increased 7.25% to Rs.1,904.65. Volumes stood at 3.29 lakh shares in the last session.Newgen Software Technologies Ltd notched up volume of 8.44 lakh shares by 14:14 IST on NSE, a 5.13 fold spurt over two-week average daily volume of 1.65 lakh shares. The stock slipped 14.34% to Rs.1,057.95. Volumes stood at 1.68 lakh shares in the last session.Powered by Capital Market - Live

Muthoot Finance Ltd, Mahanagar Gas Ltd, Garware Technical Fibres Ltd, Crompton Greaves Consumer Electricals Ltd are among the other stocks to see a surge in volumes on BSE today, 18 November 2024.Indraprastha Gas Ltd registered volume of 19.79 lakh shares by 10:46 IST on BSE, a 10.49 fold spurt over two-week average daily volume of 1.89 lakh shares. The stock slipped 18.20% to Rs.332.05. Volumes stood at 79669 shares in the last session.Muthoot Finance Ltd registered volume of 68069 shares by 10:46 IST on BSE, a 10.32 fold spurt over two-week average daily volume of 6594 shares. The stock rose 5.93% to Rs.1,883.10. Volumes stood at 6871 shares in the last session.Mahanagar Gas Ltd saw volume of 1.23 lakh shares by 10:46 IST on BSE, a 6.93 fold spurt over two-week average daily volume of 17788 shares. The stock dropped 12.31% to Rs.1,150.00. Volumes stood at 16280 shares in the last session.Garware Technical Fibres Ltd recorded volume of 6771 shares by 10:46 IST on BSE, a 5.03 times surge over two-week average daily volume of 1347 shares. The stock gained 14.68% to Rs.4,531.80. Volumes stood at 898 shares in the last session.Crompton Greaves Consumer Electricals Ltd registered volume of 2.76 lakh shares by 10:46 IST on BSE, a 3.65 fold spurt over two-week average daily volume of 75657 shares. The stock rose 5.21% to Rs.390.55. Volumes stood at 75858 shares in the last session.Powered by Capital Market - Live

Indraprastha Gas announced that the Board of Directors of the Company at its meeting held on 28 October 2024, inter alia, have recommended the dividend of Rs 5.5 per equity Share (i.e. 275%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Howerver, revenue from operations (excluding excise duty) rose 6.91% to Rs 3,697.6 crore in Q2 FY25 from Rs 3,458.51 crore posted in Q2 FY24. Profit before tax stood at Rs 587.58 crore in the second quarter of FY25, down 16.54% as against Rs 704.08 crore reported in the corresponding quarter last year. EBITDA stood at Rs 535.92 crore in Q2 FY25, down 18% as compared with Rs 656.94 crore posted in same quarter last year. EBITDA margin reduced to 14% in Q2 FY25 as against 19% in Q2 FY24. Total volumes rose by 9% to 830.39 million standard cubic meter (million SCM) in Q2 FY25 from 763.80 million SCM in Q2 FY24. Compressed natural gas (CNG) sales volume stood at 623.65 million SCM (up 9% YoY) while total piped natural gas (PNG) sales volume aggregated to 205.97 million SCM (up 9% YoY) during the period under review. Meanwhile, the company's board has declared interim dividend of Rs 5.50 per share for financial year 2024-2025. The record date for the said dividend shall be 12 November 2024. Indraprastha Gas is a natural gas distribution company. It supplies natural gas as cooking and vehicular fuel. Shares of Indraprastha Gas added 2.77% to currently trade at Rs 415.95 on the BSE.Powered by Capital Market - Live