IGL: Monopoly Business with Pricing Freedom, BUY for 25% Upside
Indraprastha Gas (IGL IN) is the sole provider of CNG and PNG to the NCR market. Pan-NCR gas pipelines and retail fuel stations provide a...
726 Views
Global Ex-U.S. & EM Continue to Point to Risk-Off Environment
YTD sideways congestion for the MSCI ACWI ex-US and an intact downtrend for the MSCI EM index continue to point to a risk-off environment for...
361 Views
New CGD Networks Give South India the Potential to Lead CNG Growth in Second Half of the Decade
During our visit to New Delhi in December 2016, we had to defend ourselves from demonetization and the city’s choking air pollution. Even as India...
332 Views
Falling Natural Gas Production and Poor Import Infra Make PNG a Distant Dream for Most Indians
In July 2015, the Indian government set a target of 10 million PNG (piped natural gas) connections to be made within two years. But as of September...
3.5k Views
Mahanagar Gas IPO - Provides Enough Discount but Might Not Be a High-Flyer
Mahanagar Gas's (MGL) two main shareholders, Gail India Ltd and British Gas, plan to raise US$150m through this IPO by selling 12.5% stake each. We...
271 Views