Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

Returns vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

ICICI Direct recommended hold rating on Indraprastha Gas with a target price of Rs 560 in its research report dated November 12, 2021.

Hold Indraprastha Gas; Target Of Rs 560: ICICI Direct

Motilal Oswal recommended Neutral rating on Indraprastha Gas with a target price of Rs 520 in its research report dated November 09, 2021.

Neutral Indraprastha Gas; Target Of Rs 520: Motilal Oswal

“We have been able to pass on higher input gas costs to the customer in a staggered manner and not in one go.”

Indraprastha Gas has come out with best-ever Q2 results this year: MD

The company’s revenue jumped 40% yoy to Rs2,016cr in Q2FY22.

Indraprastha Gas standalone profit jumps 30% yoy to Rs400.5cr in Q2FY22 on higher sales volumes

Prabhudas Lilladher is bullish on Indraprastha Gas has recommended buy rating on the stock with a target price of Rs 662 in its research report dated November 09, 2021.

Buy Indraprastha Gas; Target Of Rs 662: Prabhudas Lilladher

Indraprastha Gas Ltd, the firm that retails CNG in the national capital and adjoining cities, on Tuesday reported 30 per cent jump in its second quarter net profit on the back of higher sales volumes. Net profit came in at Rs 400.54 crore in July-September 2021-22, compared with Rs 307.94 crore net earning in the same period a year back, the company said in a statement. Turnover soared 40 per cent to Rs 2,005.07 crore in the second quarter of the current fiscal year (2021-22). A.K. Jana, Managing Director, Indraprastha Gas shares all the details on ET NOW. Watch the full interview here.
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Earnings With ET NOW | Strong Q2; margin outlook going ahead? | AK Jana, IGL

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

Top stocks in focus: Nykaa, Petronet LNG, Power Grid, BHEL, Indraprastha Gas

With strong volume growth, the price hikes undertaken by the company meant that the PNG and CNG sales revenues grew 35% and 53% year-on-year respectively

Indraprastha Gas’ Q2 performance driven by healthy volume growth

Indraprastha Gas - Rewarding Q2, Although Risk-Reward Unfavorable: Motilal Oswal

On a consolidated basis, Indraprastha Gas (IGL)’s net profit jumped 10% to Rs 418.63 crore on a 40.3% surge in net sales to Rs 1,831.19 crore in Q2 September 2021 over Q2 September 2020.

Indraprastha Gas Q2 FY22 PAT spurts 10% to Rs 419 cr

Gujarat State Petronet was the top laggard while Indraprastha Gas and Petronet LNG also traded in the red after Q2 earnings.

Nifty Oil & Gas stocks advance; Adani Total Gas, Reliance, GAIL among top gainers

Indraprastha Gas Limited (IGL) is a city gas distribution company. The Company's business consists of sale of natural gas.

Indraprastha Gas Ltd

Indraprastha Gas Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Hold Indraprastha Gas; Target Of Rs 560: ICICI Direct

Neutral Indraprastha Gas; Target Of Rs 520: Motilal Oswal

Indraprastha Gas has come out with best-ever Q2 results this year: MD

Indraprastha Gas standalone profit jumps 30% yoy to Rs400.5cr in Q2FY22 on higher sales volumes

Buy Indraprastha Gas; Target Of Rs 662: Prabhudas Lilladher

News Video

Earnings With ET NOW | Strong Q2; margin outlook going ahead? | AK Jana, IGL

Top stocks in focus: Nykaa, Petronet LNG, Power Grid, BHEL, Indraprastha Gas

Indraprastha Gas Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Hold Indraprastha Gas; Target Of Rs 560: ICICI Direct

Neutral Indraprastha Gas; Target Of Rs 520: Motilal Oswal

Indraprastha Gas has come out with best-ever Q2 results this year: MD

Indraprastha Gas standalone profit jumps 30% yoy to Rs400.5cr in Q2FY22 on higher sales volumes

Buy Indraprastha Gas; Target Of Rs 662: Prabhudas Lilladher

News Video

Earnings With ET NOW | Strong Q2; margin outlook going ahead? | AK Jana, IGL

Top stocks in focus: Nykaa, Petronet LNG, Power Grid, BHEL, Indraprastha Gas

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock