See Rs 15-20 rise in Indraprastha Gas: Tulsian

Tulsian told CNBC-TV18, "Most likely that IGL is going to get relief. Whether that relief will come because firstly on the retrospective application from FY08 seems to be a foregone conclusion that that relief is going to come in favor of the company because the hearing is today and I don’t know about the stay on the reduction in the carriage fee prospectively. That may or may not come, because that has very dim chances."

He further added, "But the retrospective application of the reduced rate probably seen as a foregone conclusion that that relief is going to come. So in anticipation of that and otherwise also if you see this stock is heavily short and may have been under-owned by many of the people. So we could see a rise of about Rs 15-20 from hereon."