Indraprastha Gas Ltd Share Price (IGL)

Indraprastha Gas Ltd to Set Up India's First Integrated Smart Meter Manufacturing Unit - 22 Apr, 2024

Indraprastha Gas Limited (IGL) has entered into a joint venture agreement with Vikas Lifecare to set up India's first integrated smart meter manufacturing unit at a capital expenditure of Rs 110 crore.

Bullish Outlook for Indraprastha Gas Ltd Stock - 09 Apr, 2024

Indraprastha Gas Ltd's stock has made a bullish breakout, indicating a trend reversal. The moving average cross-overs on the daily chart strengthen the bullish case, and traders can go long now at ₹475 with a target price of ₹515 over the next three to four weeks.

Indraprastha Gas Ltd Shows Consistent Profitability - 08 Apr, 2024

Indraprastha Gas has consistently earned 20% for the last five years, with a 121% increase in capital employed. Shareholders have earned a respectable 58% return over the same period.

Steady Improvement in EBITDA and PAT Expected for Indraprastha Gas Ltd - 06 Apr, 2024

ICICI Securities predicts an 11% YoY improvement in EBITDA and a 7% YoY jump in PAT for CGDs due to lower gas costs and stronger volumes, offset by price cuts taken in CNG. Emkay Global estimates IGL's volume growth at nearly 6% YoY and MGL's at 9% from last fiscal. However, MGL might see a decline of 7% in its EBITDA on a sequential basis due to lower realization and range-bound gas costs.

Indraprastha Gas Sees Surge in Trading Volume, Stock Price Rises - 05 Apr, 2024

Indraprastha Gas Ltd experiences a significant surge in trading volume, with the stock price increasing by 3.98%. The company's EBITDA is also expected to rise 10.3% QoQ.

Indraprastha Gas Ltd Faces Challenge from Delhi's Push for Electric Vehicles - 03 Apr, 2024

The Delhi government's push for electric vehicles may pose a challenge to Indraprastha Gas Limited (IGL), which has seen phenomenal growth since CNG buses were made mandatory in Delhi in 2001. IGL is facing an existential challenge from the clean-energy sector, and recent events have doomy messages for IGL.

IGL Faces Threat from EV Adoption; Downgraded by Prabhudas Lilladher - 02 Apr, 2024

Indraprastha Gas Limited (IGL) faces a threat from electric vehicle (EV) adoption, which may limit the future of city gas distributors. Prabhudas Lilladher downgraded IGL's rating from hold to reduce with a target price of Rs 382 based on 14x FY26 earnings per share (EPS). However, Religare Broking recommends IGL as a top pick for the April series.

Indraprastha Gas Ltd's Business Not Threatened by EV Push in Delhi - 29 Mar, 2024

Despite the push for electric vehicles in Delhi, gas companies like Indraprastha Gas Ltd are unlikely to see an end to their business. There are still many use cases for gas and these companies have enough cash on hand to move into new areas of the EV ecosystem.

Indraprastha Gas Ltd Expected to Benefit from Boost in Volume Growth - 27 Mar, 2024

Despite the threat of electric vehicles, Indraprastha Gas is expected to benefit from volume growth due to favorable economics between CNG and alternative fuels and expansion of city gas network. Vahan data indicates an improvement in monthly CNG vehicle registrations in Delhi.