Hold Indraprastha Gas: target of Rs 585: ICICI Direct

ICICI Direct recommended hold rating on Indraprastha Gas with a target price of Rs 585 in its research report dated August 19, 2021.

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ICICI Direct’s research report on Indraprastha Gas

Indraprastha Gas (IGL) is one of India’s largest city gas distribution company and primarily operates in NCT of Delhi. CNG sales contribute more than 70% of its total sales volume IGL is currently operating in 10 geographical areas

Outlook

We retain our HOLD rating on the stock We value IGL at Rs 585 (standalone at Rs 536, JVs at Rs 48

For all recommendations report, click here

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