According to Incred, the expected increase in gas costs driven by higher APM (Administrative Price Mechanism) prices and rising Henry Hub (HH) prices will offset the impact of lower LNG prices. As a result, earnings per share (EPS) are projected to decline after peaking in FY25F. Moreover, the electric vehicle […]
indraprastha gas
Stock Market News: Tuesday was the third consecutive day that the domestic stock indices, the Sensex and Nifty 50, finished lower due to profit-taking in capital goods, energy, and power stocks as well as nervousness around the election outcomes. India VIX spiked to 2-year high at 24.14. Following a day of […]
Leading city gas distributors (CGDs) Indraprastha Gas Ltd (IGL) and Mahanagar Gas Ltd (MGL) declared their January-March quarter results for fiscal 2023-24 (Q4FY24) this month and have received bullish-to-neutral rating from domestic brokerage firms. Earlier this year, the CGDs announced a reduction in their respective compressed natural gas (CNG) prices […]
IGL Q4 Results: Indraprastha Gas Limited (IGL) announced its January-March quarter results for fiscal 2023-24 (Q4FY24) on Tuesday, May 7, reporting a rise of nine per cent in consolidated net profit at ₹433.79 crore, compared to ₹397.51 crore in the corresponding period last year. The leading city gas distributer (CGD’s) […]