IGL.NSE

Indraprastha Gas

… on Thursday. City gas distributors were mixed. Indraprastha Gas Ltd (IGL) … is bad news for oil and gas importers like India,… per barrel set by Brent crude oil futures in 2008, Choice … could drive a sharp increase in oil prices . This could push Brent …

(MENAFN - Live Mint) As question mark hovers over an uninterrupted gas supply in India amid the West Asia conflict which entered Day 13 today, Thursday, the Indraprastha Gas Limited (IGL) has ...

Ahmedabad, March 11 : Shares of Adani Total Gas surged 20 per cent to hit the upper circuit on Wednesday, extending gains even as India faces a deepening natural gas supply crunch. The sharp rally came after the company said domestic piped natural gas (PNG) and compressed natural gas (CNG) used for transport have received priority allocation under a recent order by the Indian Government. The stock also witnessed heavy trading activity during the session. Average volumes at the counter jumped more than 20 times, with a combined 16.44 million shares changing hands on the National Stock Exchange of India and the BSE. The company operates in the city gas distribution business, supplying natural gas to domestic, commercial, industrial and vehicle users. Other gas stocks also followed suit and surged during intra-day trade despite market sell-off. Gujarat Gas jumped nearly 12 pc to Rs 420 and end 3.96 per cent higher at Rs 390 during the session. Petronet LNG, GAIL (India), Indraprastha Gas (IGL) and Mahanagar Gas (MGL) are the other gas-linked companies which saw buying during the session and end higher up to 2 per cent.

In this briefing: HSIE Results Daily: ONGC, Petronet LNG, Indraprastha Gas PI Industries Ltd - Near-Term Headwinds Persist; Maintain HOLD Praj Industries Ltd - Bio-Energy Headwinds Persist; Signs of Growth in Other Businesses Camlin Fine Sciences Ltd. - Blends Steady; Vanillin Poised for Realisation-Driven Growth Endurance Technologies Ltd - Strong Order Wins & Strategic Capex; Margin Upside Largely Priced In 1. HSIE Results Daily: ONGC, Petronet LNG, Indraprastha Gas ONGC: We maintain our REDUCE rating on ONGC, with a target price of INR 220 as we expect slower ramp-up in oil & gas production Q3FY26 quarter’s reported EBITDA at ~INR 173bn (-8.7% YoY, -2.1% QoQ) and PAT at ~INR 84bn (+1.6% YoY, -15.0% QoQ) were marginally lower than our estimates due to lower-than-expected crude oil production volume Petronet LNG: Our REDUCE recommendation on Petronet LNG (PLNG) with a revised TP of INR 275 is based on (1) muted volume growth, (2) delayed capacity expansion, and (3) subdued return ratios resulting from the high capex cycle expected in the next five years Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.