The share touched its 52-week high Rs 534.40 and 52-week low Rs 284.55 on February 07 and March 19, respectively
Indraprastha Gas share price added 7 percent intraday on March 24 as Morgan Stanley maintained overweight rating on the stock with a target of Rs 471 per share.
According to the research house, the stock is pricing in that the gas demand may drop to a third of normal for 6 months.
However, the strong FCF and net cash must help the company to weather demand challenges, it added.
At 13:02 hrs Indraprastha Gas was quoting at Rs 323.70, up Rs 18.85, or 6.18 percent on the BSE.
The share touched its 52-week high Rs 534.40 and 52-week low Rs 284.55 on February 07 and March 19, respectively.Currently, it is trading 39.43 percent below its 52-week high and 13.76 percent above its 52-week low
Time to show-off your poker skills and win Rs.25 lakhs with no investment. Register Now!