Indraprastha Gas Ltd Share Price (IGL)

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.

IGL Plans Diversification Amidst Price Concerns - 20 Mar, 2024

Indraprastha Gas Ltd plans to diversify into compressed biogas and solar sectors amidst concerns over pricing. The company's Managing Director stated that they would not be able to further reduce prices unless the allocation of APM gas rises in the country.

Indraprastha Gas Ltd's EPS growth outpaces share price increase - 18 Mar, 2024

Despite shedding ₹12b in market cap, Indraprastha Gas managed to grow its earnings per share at 18% a year over the past five years. The total shareholder return (TSR) over the last 5 years was 46%, which is better than the share price return mentioned above. However, shareholders are down 1.3% for the year, while the market itself is up 47%.

IGL Stock Gains on Upgraded Rating and Price Reduction Boost Expectations - 12 Mar, 2024

Indraprastha Gas Ltd (IGL) stock gains 3.25% after Morgan Stanley upgrades its rating and ICICI Securities expects upside risk to gross margin due to a recent price reduction that could boost the volume of CNG vehicles.

IGL Reduces Gas Prices in Delhi and NCR - 11 Mar, 2024

Indraprastha Gas Ltd has reduced the selling price of gas in Delhi and NCR by Rs 2.50 per kg, while also cutting CNG prices by the same amount. The move impacted CGD stocks negatively, but gross margins for IGL remain above historical levels and FY25 estimates despite the price cut.