Indraprastha Gas: CNG Strength Counters EV Threat
The Indraprastha Gas (IGL) stock price has seen an ~15% correction over the last five months and underperformed the Sensex by ~25%
314 Views
Indraprastha Gas - CNG Strength Counters EV Threat
The Indraprastha Gas (IGL) stock price has seen an ~15% correction over the last five months and underperformed the Sensex by ~25%
215 Views
Indraprastha Gas (Q3FY24): Margin Blip, Outlook Positive. Maintain BUY
We maintain our BUY recommendation on Indraprastha Gas (IGL) with a target price of INR 490, given (1) strong volume growth of ~11% CAGR over FY24-26E
231 Views
Indraprastha Gas (Q2FY24): High margin offsets muted volume growth. Maintain BUY
Q2FY24 EBITDA/APAT stood at INR 6.6/5.4bn, up +25/29% YoY respectively, and came in above our estimates, owing to higher-than-expected margins
357 Views
Indraprastha Gas (Q1FY24): Strong margins offset volume weakness. Maintain BUY
We maintain our BUY recommendation on Indraprastha Gas (IGL) with a target price of INR 575, given (1) strong volume growth at ~12% CAGR over FY23-25E
316 Views