Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE 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

Negative for city gas distributions like Indraprastha Gas and Mahanagar Gas which will be the most adversely impacted.

Kirit Parikh Committee’s Recommendations On Gas Pricing- Positive For Upstream Companies: Motilal Oswal

Based on the open interest future percentage, there were 81 stocks on the short-covering list including Indraprastha Gas, Bajaj Auto, Marico, ICICI Prudential Life Insurance, and Hindustan Unilever

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

Based on the open interest future percentage, there were 83 stocks in which short-covering was seen, including Mphasis, Indraprastha Gas, Tata Motors, Cummins India, and Lupin.

​​IGL normally seeks a security deposit of ₹1,000, an average customer’s two-month bill, at the time of providing a fresh connection. It’s revised the deposit based on the trailing 12-month consumption pattern.

Indraprastha Gas Limited asks households to top up security deposits

Sharekhan is bullish on Indraprastha Gas has recommended buy rating on the stock with a target price of Rs 480 in its research report dated October 25, 2022.

Buy Indraprastha Gas; target of Rs 480: Sharekhan

ICICI Direct recommended hold rating on Indraprastha Gas with a target price of Rs 430 in its research report dated October 23, 2022.

Hold Indraprastha Gas; target of Rs 430: ICICI Direct

Sukhmal Kumar Jain, a BPCL nominee, is the company’s Director (Marketing). He is a Mechanical Engineering graduate of Delhi College of Engineering and an MBA graduate of SP Jain Institute of Management & Research.

Indraprastha Gas names Sukhmal Kumar Jain as Chairman; stock rallies ~6%

Stocks in news: RIL, ICICI Bank, Kotak Mahindra Bank, YES Bank, Indraprastha Gas, RBL Bank and more

Stocks in news: Reliance Industries, ICICI Bank, Hindustan Unilever, DLF and more

Indraprastha Gas (IGL) jumped 5.99% to Rs 406.30 after the company reported 4% rise in consolidated net profit to Rs 416.15 crore on a 94% jump in net revenue from operations to Rs 3,554.01 crore in Q2 FY23 over Q2 FY22.

Indraprastha Gas gains as Q2 PAT rises 4% YoY

IGL’s gross/Ebitda margins missed our estimates by 160 bps/102 bps due to cost of goods sold coming in 5.8% above estimate.

Indraprastha Gas Q2 Results Review - No Major Surprises: Nirmal Bang

The net profit stood at Rs 416.15 crore in July-September compared with Rs 400.54 crore in the same period a year back, the company said in a statement

Indraprastha Gas net rises 4% in Sept quarter as gas prices hurt margins

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

ROE 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 long term average ROE 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

Kirit Parikh Committee’s Recommendations On Gas Pricing- Positive For Upstream Companies: Motilal Oswal

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

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

Indraprastha Gas Limited asks households to top up security deposits

Buy Indraprastha Gas; target of Rs 480: Sharekhan

Hold Indraprastha Gas; target of Rs 430: ICICI Direct

Indraprastha Gas names Sukhmal Kumar Jain as Chairman; stock rallies ~6%

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

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE 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

Kirit Parikh Committee’s Recommendations On Gas Pricing- Positive For Upstream Companies: Motilal Oswal

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

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

Indraprastha Gas Limited asks households to top up security deposits

Buy Indraprastha Gas; target of Rs 480: Sharekhan

Hold Indraprastha Gas; target of Rs 430: ICICI Direct

Indraprastha Gas names Sukhmal Kumar Jain as Chairman; stock rallies ~6%

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

ROE 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 long term average ROE 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