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Indraprastha Gas
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Star Performance from IGL
Posted by :
tallyTracked by: 0 Boarder
In a falling market IGL stands out. It had declared good qtrly results. It should be able to maintain ROCE OF ABOUT 40%, RONW OF 30% AND OPM OF 40% DURING FY 08-09. Some 5000-6000 vehicles are converting into CNG per month. CNG consumption is likely to increase in coming months and years. IGL is expanding its distribution network through internal accruals. This stock must be accumulated by investors for good medium to long term returns....
Buy Indraprastha Gas, target of Rs 155: Karvy
Posted by :
bhavin-ganatraTracked by: 0 Boarder
Very Very Defensive Stock under this kind of volitile market....
In reply to:
Buy Indraprastha Gas, target of Rs 155: Karvy
Posted by : MMB Messenger
Karvy Stock Broking has recommended a buy rating on Indraprastha Gas with a target of Rs 155. PAT increased by 17.1% YoY to Rs 502 million. 
Buy Indraprastha Gas, target of Rs 155: Karvy
Posted by : MMB MessengerTracked by: 0 Boarder
Karvy Stock Broking has recommended a buy rating on Indraprastha Gas with a target of Rs 155. PAT increased by 17.1% YoY to Rs 502 million....
Second Qutr Results of IGL
Posted by : tallyTracked by: 0 Boarder
Dear knair & gv, Thanks for your advice. ...
In reply to:
Second Qutr Results of IGL
Posted by : knair
tally,
karvy is a trading house. They got their own interest in certain stocks. I remember their reco about linc pen in the past. They continuously hiked it for some time and whenever they said that they had an interest in it. One day they unloaded it and down graded it.
As far as Indraprasta gas is concerned, it is a defensive stock moving from 100 to 140 level most of the time as per the mkt movements. And a very slow moving one for that. I am not making any buy/sell comments (which I never do)but reporting a fact.
knair
Second Qutr Results of IGL
Posted by : gvTracked by: 0 Boarder
Dear Tally,
I just checked the data
Simple Moving Averages - IndraprasthaGas
Days BSE NSE
30 108.62 109.31
50 111.56 112.06
150 115.75 115.96
200 121.24 121.51
The sector has lost the pricing power,the crude and gas price has fallen heavily
RIL with huge discovery is also falling
My opinoin not to buy at current levels
Regds
GV...
In reply to:
Second Qutr Results of IGL
Posted by : tally
Based on qtrly results Karvy has come out with `BUY` recommendation & a price target of Rs 155. I also consider this stock a good buy and safe investment.
Second Qutr Results of IGL
Posted by : knairTracked by: 0 Boarder
tally,
karvy is a trading house. They got their own interest in certain stocks. I remember their reco about linc pen in the past. They continuously hiked it for some time and whenever they said that they had an interest in it. One day they unloaded it and down graded it.
As far as Indraprasta gas is concerned, it is a defensive stock moving from 100 to 140 level most of the time as per the mkt movements. And a very slow moving one for that. I am not making any buy/sell comments (which I never do)but reporting a fact.
knair...
In reply to:
Second Qutr Results of IGL
Posted by : tally
Based on qtrly results Karvy has come out with `BUY` recommendation & a price target of Rs 155. I also consider this stock a good buy and safe investment.
Second Qutr Results of IGL
Posted by : tallyTracked by: 0 Boarder
Based on qtrly results Karvy has come out with `BUY` recommendation & a price target of Rs 155. I also consider this stock a good buy and safe investment....
In reply to:
Second Qutr Results of IGL
Posted by : gv
Hi Tally,
Thanks for the FII info
Will watch
Regds
quarterly results
Posted by : tallyTracked by: 0 Boarder
Igl gets the gas at a highly subusdised rate of $1.98 against $4.26 fixed by the Govt. However it has sold much less gas than authorised by the order of SC. The co should give detailed explanation or should have provided for sum of Rs 6.47 cr....
In reply to:
quarterly results
Posted by : acer
Net sales for Q2FY09 were at Rs. 2.1 bn up by 23.6% YOY and up by 12.8% on sequential basis. Hiogher sales were a result of increase in volumes of both CNG AND PNG.
During Q2FY09, IGL sold 117.2 mn kg of CNG asagainst 95.5 mnkg of CNG the same period last year registering growth of 22.7% and sequential growth 12.7%.
In Q2FY09 operational profit grew by 13.4% onYOY basis Rs.851 mn. the company recorded lower EBIDATA marging of 39.5%, which is down 360 bps.on YOY basis and down 10 bps on sequential basis.
The other expenditure as percentage of revenues increased from 12.1% in Q2FY08 tp 13.4% in Q2FY09.Also staff cost as percentage revenues increased from 2% to 2.5%.
PBT for Q2FY09 ws at Rs. 751 mn u by 17.5% on YOY basis.
PAT FOR Q2 FY09 ws at Rs. 502 mn up 17.1% on YOY basis.
In Q2FY09 the company has recd a demand of Rs64.7 mn towares charges pertaining to excess drawal of natural gas. However the company is of the view that this amt is not payable s per the contractual terms and thus it has not provided for the same.
BSE Announcements on IndraprasthaGas
Posted by : MMB MessengerTracked by: 0 Boarder
Indraprastha Gas Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 24, 2008, has approved the appointment of Mr. Rajesh Vedvyas as Managing Director w.e.f. July 29, 2008.
Mr. Om Narayan has ceased to be the Managing Director w.e.f. July 29, 2008....
NSE Announcements on IndraprasthaGas
Posted by : MMB MessengerTracked by: 0 Boarder
Indraprastha Gas Limited has informed the Exchange that the Board of Directors in its meeting held on October 24, 2008, approved the appointment of Mr. Rajesh Vedvyas as Managing Director w.e.f. July 29, 2008. Mr. Om Narayan has ceased to be the Managing Director w.e.f. July 29, 2008....
quarterly results
Posted by : acerTracked by: 0 Boarder
Net sales for Q2FY09 were at Rs. 2.1 bn up by 23.6% YOY and up by 12.8% on sequential basis. Hiogher sales were a result of increase in volumes of both CNG AND PNG.
During Q2FY09, IGL sold 117.2 mn kg of CNG asagainst 95.5 mnkg of CNG the same period last year registering growth of 22.7% and sequential growth 12.7%.
In Q2FY09 operational profit grew by 13.4% onYOY basis Rs.851 mn. the company recorded lower EBIDATA marging of 39.5%, which is down 360 bps.on YOY basis and down 10 bps on sequential basis.
The other expenditure as percentage of revenues increased from 12.1% in Q2FY08 tp 13.4% in Q2FY09.Also staff cost as percentage revenues increased from 2% to 2.5%.
PBT for Q2FY09 ws at Rs. 751 mn u by 17.5% on YOY basis.
PAT FOR Q2 FY09 ws at Rs. 502 mn up 17.1% on YOY basis.
In Q2FY09 the company has recd a demand of Rs64.7 mn towares charges pertaining to excess drawal of natural gas. However the company is of the view that this amt is not payable s per the contractual terms and thus it has not provided for the same....
Second Qutr Results of IGL
Posted by : gvTracked by: 0 Boarder
Hi Tally,
Thanks for the FII info
Will watch
Regds...
In reply to:
Second Qutr Results of IGL
Posted by : tally
Dear mukut, in a bear market cash rich & debt free cos are a good bet. IGL besides being a debt free and cash rich is also a high dividend paying co. There is a chance that FIIs which hold 19% stake in IGL MAY HAVE TO OFF LOAD THE STOCK. It will offer a good opportunity to accumulate the stock at this stage for long term investors.
Second Qutr Results of IGL
Posted by : tallyTracked by: 0 Boarder
IGL is a cash rich, debt free and a dividend paying co. Asper existing norms the co can buy back its own equity shares to the extent of 5% without any SEBI permission. Kindly correct me if I am wrong!!! The shares purchased through the market operation may be extinguished. Investors should also buy this stock without any fear and with greed. The stock will give good dividend yield and possibly more than 50% capital appreciation within time period of 6 months. It has been maintaining very high NPM, ROCE & RONW. Investors must check all financial details of this stock and keep it on their investment radar or just buy it....
In reply to:
Second Qutr Results of IGL
Posted by : tally
IGL has come out with very good set of numbers showing healthy YoY and QoQ growth. My ESTIMATES OF TOP LINE & bottom line were bang on target. Investors must make investment in this stock. Second half performance should be even better due opening of out lets in Greater Noida and installation of high grade compressors at many units
Second Qutr Results of IGL
Posted by : tallyTracked by: 0 Boarder
IGL has come out with very good set of numbers showing healthy YoY and QoQ growth. My ESTIMATES OF TOP LINE & bottom line were bang on target. Investors must make investment in this stock. Second half performance should be even better due opening of out lets in Greater Noida and installation of high grade compressors at many units...
In reply to:
Second Qutr Results of IGL
Posted by : tally
Dear mukut, in a bear market cash rich & debt free cos are a good bet. IGL besides being a debt free and cash rich is also a high dividend paying co. There is a chance that FIIs which hold 19% stake in IGL MAY HAVE TO OFF LOAD THE STOCK. It will offer a good opportunity to accumulate the stock at this stage for long term investors.
BSE Announcements on IndraprasthaGas
Posted by : MMB MessengerTracked by: 0 Boarder
Indraprastha Gas Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008....
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