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 ~12% over the last 1M and outperformed the Sensex by ~8%</li><li>Despite this rally, we estimate that IGL’s current stock price factors 10.5% CAGR volume growth over FY24-32E, assuming 0% terminal growth</li><li>We expect IGL, with higher exposure to the CNG segment, to benefit from news reports, suggesting a potential cut in excise duty on CNG in the upcoming budget and a sentimental boost from the launch of the CNG bike by Bajaj Auto</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 ~12% over the last 1M and outperformed the Sensex by ~8%Despite this rally, we estimate that IGL’s current stock price factors 10.5% CAGR volume growth over FY24-32E, assuming 0% terminal growthWe expect IGL, with higher exposure to the CNG segment, to benefit from news reports, suggesting a potential cut in excise duty on CNG in the upcoming budget and a sentimental boost from the launch of the CNG bike by Bajaj AutoContent 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 Positive. Maintain BUY