External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>The Indraprastha Gas (IGL) stock price has rallied ~14% over the last 3M and outperformed the Sensex by ~5%</li><li>We maintain our BUY recommendation on Indraprastha Gas (IGL) with a target price of INR 615, given (1) healthy volume growth of ~10% CAGR over FY24-29E, (2) higher margins supported by higher allocation of gas from the high-pressure, high-temperature (HPHT) fields to the priority sector, and (3) a strong portfolio of new geographical areas (GAs) ensuring volume growth visibility</li><li>We anticipate volume growth to be led by the company’s focus on the expansion of its city gas network in existing and new GAs and competitive CNG price vs petrol/diesel</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The Indraprastha Gas (IGL) stock price has rallied ~14% over the last 3M and outperformed the Sensex by ~5%We maintain our BUY recommendation on Indraprastha Gas (IGL) with a target price of INR 615, given (1) healthy volume growth of ~10% CAGR over FY24-29E, (2) higher margins supported by higher allocation of gas from the high-pressure, high-temperature (HPHT) fields to the priority sector, and (3) a strong portfolio of new geographical areas (GAs) ensuring volume growth visibilityWe anticipate volume growth to be led by the company’s focus on the expansion of its city gas network in existing and new GAs and competitive CNG price vs petrol/dieselContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indraprastha Gas: Long-Term Volume Growth Outlook Intact Despite near Term Concerns.