Bajaj Auto and TVS Motor unveiled CNG-powered bikes and scooters, aiming to reduce ownership costs. City gas suppliers like Indraprastha Gas and Mahanagar Gas are ramping up infrastructure to support this trend. This move is expected to increase CNG sales, with the two-wheeler market showing promising growth.

City gas cos pin hopes on CNG 2-wheelers to ride over EV threat

'Planned Capex Of Rs 1700-1800 Crore In FY25': Indraprastha Gas MD On Growth Plans

Despite a muted Q1 show, analysts at JM financial were positive on IGL, and maintained ‘Buy’ on the stock with an unchanged target price of Rs 550

Indraprastha Gas stock slumps 3% after Q1FY25 earnings; check details

Indraprastha Gas consolidated net profit declines 7.81% in the June 2024 quarter

The company posted a net profit of Rs 480 crore in the quarter ended June compared to Rs 433 crore registered in the year-ago period, according to an exchange filing on Wednesday.

Indraprastha Gas Q1 Results: Profit Rises 10%, Margin Expands

Indraprastha Gas announces cessation of director

The Public Enterprises Selection Board (PESB) on June 14 interviewed eight candidates, including a director on the HPCL board and managing director of Indraprastha Gas Ltd (IGL), but rejected them all

Govt headhunter interviews eight people for HPCL top post rejects them all

Shares of Indraprastha Gas (IGL) today jumped 7% to the day’s high of Rs 468.20 on BSE; Know latest target price

IGL Shares Surge 7% After Net Profit Rises 9% In Q4; Check Latest Target Price - News18

A short build-up was seen in 100 stocks, including Exide Industries, Indraprastha Gas, Dr Reddy’s Laboratories, Titan Company, and Berger Paints.

Trade setup for Friday: 15 things to know before opening bell

The recent Vahan data shows a robust
improvement in monthly CNG vehicle registrations in Delhi, which grew by +29% YoY in the month of Feb-24 to ~5,719 vehicles.

Indraprastha Gas - CNG Strength Counters EV Threat: HDFC Securities

Based on the OI percentage, a total of 86 stocks were on the short-covering list. These included M&M Financial Services, IDFC First Bank, Laurus Labs, UPL, and Indraprastha Gas.

Trade setup for Tuesday: 15 things to know before opening bell

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

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

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

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