HDFC Securities is bullish on Indraprastha Gas has recommended buy rating on the stock with a target price of Rs 575 in its research report dated July 26, 2023.

Buy Indraprastha Gas; target of Rs 575: HDFC Securities

Emkay Global Financial recommended hold rating on Indraprastha Gas with a target price of Rs 500 in its research report dated July 26, 2023.

Hold Indraprastha Gas; target of Rs 500: Emkay Global Financial

ICICI Securities is bullish on Indraprastha Gas recommended buy rating on the stock with a target price of Rs 615 in its research report dated July 24, 2023.

Buy Indraprastha Gas; target of Rs 615: ICICI Securities

Jefferies highlighted that the adoption of electric vehicle in the NCR region poses a medium-term risk to 30 percent of the company’s overall volume

Indraprastha Gas slumps 5% on subdued growth in Q1, EV adoption sparks concern

The capital expenditure for the said smart meter manufacturing plant is Rs 110 crore.

Indraprastha Gas shares up on JV with Genesis Gas Solutions for smart meter manufacturing

Based on the OI percentage, 55 stocks were on the short-covering list. These included MCX India, IDFC First Bank, Indraprastha Gas, HDFC AMC, and Indiabulls Housing Finance.

Trade setup for Thursday: Top 15 things to know before the opening bell

We are upbeat about the oil and gas sector, Indraprastha Gas, Gujarat Gas and Bharat Petroleum Corporation being our preferences.

Oil And Gas Sector Check - Consumption Hitting Fresh Highs, Valuations Rich For Most Companies: Anand Rathi

Here are the top 10 stocks you need to keep on your radar in today's trading session. Take a look.

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Key Stocks In Focus: Shriram Finance, Piramal Enterprises, HDFC Life, RVNL, Indraprastha Gas

Sanjay Kumar on Thursday took over as the new director for marketing in state gas utility GAIL (India) Ltd, the firm said. Prior to his new role, Kumar was the Managing Director of Indraprastha Gas Limited, the largest CNG distribution company in India, since April 2022.

Sanjay Kumar takes over as Director (Marketing) of GAIL

Prior to this, Kumar was the Managing Director of state-run Indraprastha Gas

GAIL appoints Sanjay Kumar as Director (Marketing)

The performance of city gas distribution companies in 4QFY23 was mixed. While the stocks of Gujarat Gas and Mahanagar Gas have managed to clock positive returns, stocks of Indraprastha Gas and Adani Gas have been underperformers.

Mixed performance by city gas companies; outlook positive

Price return has been average, nothing exciting

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.