Aug 13, 2012, 10.52 AM IST

Indraprastha Gas can move to Rs 320-325: Tulsian

Indraprastha Gas can move to Rs 320-325, says SP Tulsian, sptulsian.com.

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Indraprastha Gas can move to Rs 320-325, says SP Tulsian, sptulsian.com.


Tulsian told CNBC-TV18, "The case is building up positive in favor of IGL because the notices have been issued by the Supreme Court to PNGRB and now the case will be heard and I don’t think that much relief is really expected by the PNGRB order in favor of PNGRB because if you see the Delhi High Court order that has been very clear in favor of IGL."


He further added, "I am expecting positive outcome and if that happens once the Supreme Court takes a decision that PNGRB has no case to go for the carriage charges and all sort of things then the IGL may swiftly see a big up move and I won’t be surprised to see it moving to about Rs 320-325."


 


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