ICICI Direct's research report on Indraprastha Gas
Indraprastha Gas (IGL) is one of India’s largest city gas distribution companies and primarily operates in NCT of Delhi. CNG sales contribute more than 70% of its total sales volume Sales volume grew at 6% CAGR in FY16-21
Outlook
We upgrade our rating from HOLD to BUY on the stock We roll over valuation to FY24E and value IGL at Rs 475 (standalone at ~Rs 436 i.e. 20x P/E on FY24E EPS and investments at ~Rs 39)
More Info on Trent
At 12:57 hrs Indraprastha Gas was quoting at Rs 378.55, down Rs 2.10, or 0.55 percent.
It has touched an intraday high of Rs 385.90 and an intraday low of Rs 372.10.
It was trading with volumes of 102,106 shares, compared to its thirty day average of 188,209 shares, a decrease of -45.75 percent.
In the previous trading session, the share closed down 3.13 percent or Rs 12.30 at Rs 380.65.
The share touched its 52-week high Rs 604.00 and 52-week low Rs 371.65 on 14 September, 2021 and 14 February, 2022, respectively.
Currently, it is trading 37.33 percent below its 52-week high and 1.86 percent above its 52-week low.
Market capitalisation stands at Rs 26,498.53 crore.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
