Indraprastha Gas Limited

IGL receives 21% lower domestic gas allocation, expected to adversely impact profitability

IGL share price jumps 5% after UBS upgrades stock to Buy, raises target by 75%

UBS double upgrades IGL to Buy from Sell, increases target price by 75%

UBS has upgraded its rating on Indraprastha Gas Limited (IGL) from "Sell" to "Buy," reflecting a significant shift in its outlook for the company. The brokerage has also raised its target price for IGL to Rs 700, a notable increase of 75% from the previous target of Rs 400.

Indraprastha Gas Limited to witness rise in net profit by 59%

The leading city gas distributor's profit after tax (PAT) is likely to rise 59 per cent.