BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains buy on Indraprastha Gas
Indraprastha Gas' (IGL) Q4 earnings marginally disappointed on higher expenses but volumes outperformed at 4.11 million metric standard cubic meter per day led by 5 per cent growth in CNG volumes. Volume growth is likely to accelerate over next few quarters, which along with margin expansion could shore up earnings growth over FY17-18.See a strong re-rating potential for the stock.