280.45 +3.29 (+1.17%) Buy

Joy for IGL investors as it outperforms broader market

13 min read

INDRAPRASTHA GAS LTD ranked among the best performers today. It delivered +1.17% to close at 280.45. During the last week it delivered +3.24%.

[Themes containing IGL]

IGL is currently in a bullish trend. Over the last three months 2 bullish signals in IGL have generated a profit of +8.52% for investors.


IGL has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 1 Jan, 2016 to 4 Dec, 2017. Over the last 3 years and 1 month, IGL outperformed the NIFTY-50 index on 49% days. Which indicates that on days IGL outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.

During the last three months IGL was mostly profitable and delivered on average +0.21% per day. It's best return during this period (of +5.69%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -4.01%) was on Tuesday, 6 Nov, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 10 Jan, 2019 and went on till 18 Jan, 2019. This bullish trend returned +5.23% to investors.

The last 12 months saw IGL's investors making profits in 6 months and incurring losses in 6 months. During the last year, IGL delivered profits in more months than NIFTY-50 index. IGL significantly outperformed NIFTY-50 index in Jul 2018, when it returned +18.95% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. IGL and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both IGL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
-- George Soros

IGL is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in IGL's volatility from 1 Nov, 2018 to 16 Jan, 2019. While there was a significant fall in the NIFTY-50 index's volatility from 31 Oct, 2018 to 5 Dec, 2018.

Advanced/professional short-term investors should note that IGL has significant negative skewness in it's return distribution. This indicates that IGL is very risky for short-term investment and can significantly underperform for long durations.

Investors trading in IGL derivatives at this moment can consider 'Married Call' options strategy to receive better risk-adjusted returns.

IGL has more chance of extreme outcomes than the NIFTY-50 index. Therefore, IGL must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than IGL.

Based on your interest in IGL you may find it interesting to know that HATSUN is a mid cap that has shown remarkable performance and deserves to be on every investors' watchlist.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter