The board of directors in its meeting on Thursday approved the dividend 500 per cent of the face value of the share.

Indraprastha Gas announces second interim dividend of Rs 10

Based on the OI percentage, 63 stocks including Bajaj Auto, IndiaMART InterMESH, Indraprastha Gas, SRF and State Bank of India witnessed a long build-up

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

“The return of pricing power will bring back earnings stability and growth similar to FY16-20 and once again make IGL and MGL attractive,” CLSA pointed out.

CLSA commentary fires up Indraprastha Gas, Mahanagar Gas and Gujarat Gas shares

Indraprastha Gas shares were unaffected by the brokerage’s outlook with the stock gaining after five straight sessions of losses today.

Indraprastha Gas shares in focus as Motilal Oswal reiterates sell call

Motilal Oswal recommended sell rating on Indraprastha Gas with a target price of Rs 340 in its research report dated March 15, 2023.

Sell Indraprastha Gas; target of Rs 340: Motilal Oswal

Based on the OI percentage, 66 stocks including Cummins India, Atul, Maruti Suzuki India, Piramal Enterprises, and Indraprastha Gas, saw a short build-up.

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

Adani group companies, HAL, L&T, Dr Reddy’s Lab, Sun Pharma, Power Grid, Zee Entertainment, Vikas Lifecare, Indraprastha Gas, Jaypee Infratech, Jindal Stainless, Allcargo Logistics, Welspun Corp, Star Paper Mills, NBCC India and Lumax Auto

Stocks that will see action on March 08, 2023

Based on the OI percentage, as many as 88 stocks, including Mphasis, Escorts, GNFC, Hindustan Petroleum Corporation, and Indraprastha Gas, saw a short build-up.

The stock price of Indraprastha Gas (IGL) has been taking support at 200 day EMA since January 2023

Nandish Shah of HDFC Securities suggests Bull Spread strategy on IGL

Anand Rathi is bullish on Indraprastha Gas has recommended buy rating on the stock with a target price of Rs 570 in its research report dated January 28, 2023.

Buy Indraprastha Gas; target of Rs 570: Anand Rathi

Emkay Global Financial is bullish on Indraprastha Gas has recommended buy rating on the stock with a target price of Rs 485 in its research report dated January 28, 2023.

Buy Indraprastha Gas; target of Rs 485: Emkay Global Financial

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 overpriced but is not in the overbought zone

Current price is more 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.