Indraprastha Gas - PAT Beat of 26.9% on Lower Gas Cost
We maintain Buy on Indraprastha Gas (IGL) after revising FY23E/FY24E estimates by 1.4% in FY23 and a cut of 3.3% in FY24 and 5.9% cut in our DCF...
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Oil & Gas Sector: GAIL Bucks Energy Storm Hitting Sector Demand and Margins
GAIL bucks energy storm hitting sector demand and margins. We see GAIL lead the Oil & Gas pack even as the rest of the sector companies are trapped...
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Newspaper article suggests aggressive influx of EVs into Delhi
Our earlier report, India's gas sector to benefit from syzygy ahead', highlighted how CNG/LNG Retail sales have been declining by 3%/11%...
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Indian Gas Sector - City Gas: looking beyond the short-term headwinds
We expect strong CNG volume growth to sustain, as the highest-ever pricing differential between CNG and petrol/diesel incentivizes faster CNG...
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Rewarding 2QFY22, although risk-reward unfavorable
Indraprastha Gas (IGL) reported EBITDA ahead of our estimates. This was led by better-than-estimated volumes (CNG volumes now 8% above pre-COVID...
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