External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>We have analyzed the potential impact of the INR reaching its lowest level against the USD on Indraprastha Gas (IGL) and the price hike needed to offset any further depreciation</li><li>IGL’s blended gas cost during the current quarter has come off on the back of reduced RLNG price in the international markets</li><li>Reduction in cost should offset the impact of current INR depreciation, leading to a negligible impact on IGL’s per unit gross profit</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We have analyzed the potential impact of the INR reaching its lowest level against the USD on Indraprastha Gas (IGL) and the price hike needed to offset any further depreciationIGL’s blended gas cost during the current quarter has come off on the back of reduced RLNG price in the international marketsReduction in cost should offset the impact of current INR depreciation, leading to a negligible impact on IGL’s per unit gross profitContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indraprastha Gas: INR Depreciation Not a Worry Yet. Maintain BUY