Indraprastha Gas Ltd
IGL

1,038.55

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

1,037.85

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

1,043.00

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Buy
Reco. Price
Rs 1036.00
We recommend buy on the stock on account of strong volume growth and gross margin expansion over next two years. In addition, National Green Tribunal has banned the registration of diesel vehicles > 10 years old in Delhi. Thus, switching from diesel to CNG vehicle could be a game changer for IGL. The stock is trading at 31x in FY17E earnings. (Target Price-Rs.1,150)
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50 DMA (.)
955.76
100 DMA (.)
901.76
200 DMA (.)
779.55
Weekly Range (.)
1,025.25
1,059.50
Monthly Range (.)
932.40
1,071.45
52 Weeks Range (.)
490.00
1,071.45
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