IGL shares close 3% higher after GAIL raises domestic
2 days ago · IGL will have 51% domestic allocation in the CNG segment, higher than the current 37% level. The change will be effective from January 16 onwards. Moneycontrol News
IGL can unlock value for its shareholders courtesy of a new
5 days ago · Brokerage firm Citi has maintained its "buy" recommendation on Indraprastha Gas, with a price target of ₹450. Citi wrote in its note that a listing of MNGL could help unlock value for IGL, as its two Joint Venture Companies, MNGL and CUGL, together contribute ₹56 per share to its price target of ₹450 on the stock.
IGL jumps on 31% rise in domestic gas allocation by GAIL
2 days ago · Indraprastha Gas (IGL) gained 3.75% to Rs 422.95 after the company informed that the domestic gas allocations have been revised to 51% from 37%, with effect from 16 January 2025. This revision in allocation by GAIL (India), has resulted in increase in the companys share of domestic gas in CNG ...
MGL, IGL shares crack 20% as city distribution firms see further cut …
Nov 18, 2024 · City gas distribution companies (CGDs) shares crashed 20 percent in the morning session on November 18 after the government has cut the the Administered Price Mechanism (APM) allocation to CGD...
IGL, MGL shares sink up to 19%; Gujarat Gas stock down 6%; …
Nov 18, 2024 · City gas distributor (CGD) stocks Indraprastha Gas Ltd (IGL) and Mahanagar Gas Ltd (MGL) sank up to 19 per cent in Monday's trade, while shares of Gujarat Gas declined 6 per cent after a...
IGL, MGL shares fall up to 20% after second straight month of gas ...
Nov 18, 2024 · Shares of Indraprastha Gas Ltd. and Mahanagar Gas Ltd., the city gas distribution companies, were downgraded by analysts yet again after the government, over the weekend, cut its APM gas allocation to these companies by another 20%. This was the second straight month in a row that the gas allocation has been cut.
IGL, MGL Shares Price Fall 20% Amid Cuts In Priority Gas Allocation
Nov 18, 2024 · Shares of city gas distribution (CGD) companies -- Mahanagar Gas (MGL) and Indraprastha Gas (IGL) – plunged up to 20 per cent on the BSE in Monday's intraday trade after the central government further reduced administered price mechanism (APM) allocation of domestic gas to them.
IGL gains 2% as board approves bonus issue, increasing …
Dec 9, 2024 · Indraprastha Gas (IGL) shares rose 2.2 per cent on BSE in Tuesday's trade. The stock gained after the company's board approved an increase in the authorised share capital and issuance of bonus shares.
IGL Share price: IGL, MGL shares nosedive 18% on APM gas …
Nov 18, 2024 · IGL Gas Allocation News: Shares of Mahanagar Gas and Indraprastha Gas dropped by up to 18% after the government reduced the APM allocation by 20% for the second consecutive month. In response, Nirmal Bang downgraded both stocks to a 'Sell' rating, cutting target prices for MGL by 35% and IGL by 31% due to revised EBITDA estimates, concerns over ...
IGL, MGL fear lower gas allocation will adversely impact profitability
Oct 17, 2024 · Shares of major city gas suppliers IGL, MGL and Gujarat Gas were all under selling pressure in trade, after reports of a large cut in gas allocation through the Administered Price Mechanism (APM...