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>The Indraprastha Gas (IGL) stock price has risen ~11% over the last 1M and outperformed the Sensex by ~15% due to the price hike undertaken by the company in December 2024</li><li>We maintain our BUY recommendation on Indraprastha Gas (IGL) with a target price of INR 515, given (1) a strong portfolio of new geographical areas (GAs) ensuring volume growth visibility, (2) healthy long-term volume growth of ~9% CAGR over FY24-27E, and (3) robust long-term margins, supported by pricing power and higher allocation of gas from the high-pressure, high-temperature (HPHT) fields to the priority sector</li><li>With the diversion of APM gas from LPG production to CGD sector, we expect (lower) further price hikes by IGL in the near term</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>

The Indraprastha Gas (IGL) stock price has risen ~11% over the last 1M and outperformed the Sensex by ~15% due to the price hike undertaken by the company in December 2024We maintain our BUY recommendation on Indraprastha Gas (IGL) with a target price of INR 515, given (1) a strong portfolio of new geographical areas (GAs) ensuring volume growth visibility, (2) healthy long-term volume growth of ~9% CAGR over FY24-27E, and (3) robust long-term margins, supported by pricing power and higher allocation of gas from the high-pressure, high-temperature (HPHT) fields to the priority sectorWith the diversion of APM gas from LPG production to CGD sector, we expect (lower) further price hikes by IGL in the near termContent 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: Partial Restoration of APM Gas – Is the Tide Turning Maintain BUY